Renault (OTCMKTS:RNLSY) Stock Rating Lowered by Berenberg Bank

Renault (OTCMKTS:RNLSY) was downgraded by research analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

RNLSY has been the topic of several other reports. Zacks Research upgraded Renault from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. HSBC reaffirmed a “buy” rating on shares of Renault in a research report on Tuesday, January 13th. UBS Group cut shares of Renault from a “hold” rating to a “sell” rating in a research note on Tuesday, December 2nd. Finally, The Goldman Sachs Group initiated coverage on shares of Renault in a research note on Sunday, November 23rd. They issued a “hold” rating for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Renault Stock Performance

Renault stock opened at $7.38 on Monday. Renault has a twelve month low of $7.15 and a twelve month high of $11.20. The stock’s 50 day moving average is $8.14 and its 200 day moving average is $8.04.

About Renault

Renault SA is a French multinational automobile manufacturer founded in 1899 by Louis, Marcel and Fernand Renault. Headquartered in Boulogne-Billancourt, France, the company designs, produces and distributes a wide range of passenger cars, light commercial vehicles and electric vehicles under the Renault, Dacia and Alpine brands. Renault also develops powertrains, including combustion engines and electric motors, and provides related services such as financing, leasing and fleet management.

Throughout its history, Renault has been at the forefront of automotive innovation, introducing mass-produced vehicles in the early 20th century and pioneering mass-market electric cars in the 2010s.