Renault (OTCMKTS:RNLSY) Receives Consensus Rating of “Reduce” from Analysts

Shares of Renault (OTCMKTS:RNLSY) have received a consensus rating of “Reduce” from the seven analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company.

Separately, Barclays lowered Renault from a “strong-buy” rating to a “hold” rating in a research report on Friday.

Renault Price Performance

Shares of RNLSY opened at $6.65 on Friday. The company’s fifty day simple moving average is $6.18 and its 200-day simple moving average is $6.65. Renault has a twelve month low of $5.60 and a twelve month high of $8.79.

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.