Zacks Research Downgrades Renault (OTCMKTS:RNLSY) to Hold

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

Other equities analysts have also recently issued research reports about the stock. Berenberg Bank cut shares of Renault from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Morgan Stanley cut shares of Renault to an “underweight” rating in a research note on Tuesday, February 3rd. Finally, HSBC reiterated a “buy” rating on shares of Renault in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Renault Stock Performance

Shares of RNLSY stock traded up $0.06 during mid-day trading on Monday, reaching $7.36. 6,265 shares of the company’s stock traded hands, compared to its average volume of 129,435. Renault has a 12 month low of $6.21 and a 12 month high of $11.20. The company’s 50-day moving average price is $7.04 and its 200-day moving average price is $7.65.

Renault Company Profile

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.