Renault (OTCMKTS:RNLSY) Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Renault (OTCMKTS:RNLSY) from a hold rating to a sell rating in a research note released on Thursday, Zacks.com reports.

According to Zacks, “Renault SA designs, manufactures, markets and repairs vehicles. It primarily offers passenger cars and light commercial vehicles; electric vehicles; sports vehicles and power train components. The company’s brand name consists of Renault, Dacia and Renault Samsung Motors. Renault SA is headquartered in Boulogne-Billancourt, France. “

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. restated an overweight rating on shares of Renault in a research note on Monday, November 16th. Citigroup upgraded Renault from a sell rating to a buy rating in a research note on Thursday, July 23rd. Societe Generale restated a hold rating on shares of Renault in a research note on Wednesday, October 7th. Barclays restated an equal weight rating on shares of Renault in a research note on Monday, October 26th. Finally, Sanford C. Bernstein started coverage on Renault in a research note on Tuesday, September 8th. They set an outperform rating for the company. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Renault has a consensus rating of Hold and an average price target of $6.00.

Shares of RNLSY stock opened at $7.24 on Thursday. The stock has a market cap of $10.71 billion, a P/E ratio of -60.33 and a beta of 1.54. The stock has a 50 day simple moving average of $5.64 and a 200 day simple moving average of $5.20. Renault has a 1 year low of $2.90 and a 1 year high of $9.72.

Renault Company Profile

Renault SA designs, manufactures, sells, and distributes vehicles in France and internationally. The company operates through Automotive, AVTOVAZ, and Sales Financing segments. It offers passenger and light commercial, and electric vehicles primarily under the Renault, Dacia, Renault Samsung Motors, Alpine, and LADA, as well as under the Nissan, Datsun, and Infiniti brands.

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