Renault (OTCMKTS:RNLSY) Stock Bumped Down to “Strong Sell” by Zacks Research

Renault (OTCMKTS:RNLSY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

Separately, Barclays downgraded Renault from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Renault has a consensus rating of “Reduce”.

Renault Stock Down 1.6%

Shares of RNLSY stock opened at $6.04 on Monday. The stock’s 50-day moving average is $6.18 and its two-hundred day moving average is $6.59. Renault has a 1 year low of $5.49 and a 1 year high of $8.79.

Renault Company Profile

Renault is a French automotive company that designs, manufactures and sells passenger cars, light commercial vehicles and related mobility services. Its principal brands include Renault, Dacia and Alpine, while the company also develops electric vehicles and software-enabled automotive technologies through its Ampere business.

Founded in 1898 by Louis, Marcel and Fernand Renault, the company has played a significant role in the development of France’s automobile industry. Renault has produced vehicles ranging from mass-market passenger cars and commercial vans to performance-oriented Alpine models.