Renault (OTCMKTS:RNSDF) Lowered to Underweight Rating by Morgan Stanley

Renault (OTCMKTS:RNSDF) was downgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report issued on Tuesday.

Renault Stock Performance

RNSDF opened at $41.10 on Tuesday. The firm’s 50 day simple moving average is $41.21 and its two-hundred day simple moving average is $39.55. Renault has a 1-year low of $36.16 and a 1-year high of $52.95.

About Renault

Renault SA is a France-based multinational automobile manufacturer with a history dating back to its founding in 1899 by Louis, Marcel and Fernand Renault. Headquartered in Boulogne-Billancourt, near Paris, the company designs, manufactures and sells a wide range of passenger cars and light commercial vehicles. Renault is also known for its electric vehicle (EV) offerings—such as the ZOE, Kangoo Z.E. and Twizy—as well as its internal combustion-engine models including the Clio, Captur, Mégane and Arkana.

In addition to its core vehicle manufacturing operations, Renault provides financing, leasing and insurance services through its wholly owned subsidiary RCI Banque et Services.