Renault (OTCMKTS:RNLSY) Receives Average Rating of “Reduce” from Brokerages

Shares of Renault (OTCMKTS:RNLSYGet Free Report) have earned a consensus recommendation of “Reduce” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company.

Separately, Barclays downgraded Renault from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st.

Read Our Latest Research Report on Renault

Renault Trading Up 0.3%

Shares of Renault stock opened at $6.21 on Wednesday. Renault has a 1-year low of $5.60 and a 1-year high of $8.79. The company’s fifty day simple moving average is $6.44 and its 200-day simple moving average is $6.51.

About Renault

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Renault is a France-based automotive company that designs, develops, manufactures and sells passenger cars, light commercial vehicles and related mobility services. Its vehicle portfolio includes small cars, sedans, sport utility vehicles, vans and electric vehicles marketed primarily under the Renault brand.

The company also operates the Dacia brand, known for value-oriented vehicles, and Alpine, which focuses on performance-oriented sports cars. Through Mobilize, Renault Group develops mobility, energy and vehicle-financing services, including financial solutions for customers and dealers.

Founded in 1898 by Louis, Marcel and Fernand Renault, the company has grown into an international automaker with operations and sales across Europe and other markets, including regions in Latin America, Asia and Africa.

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