Renault (OTCMKTS:RNLSY) was downgraded by equities researchers at DZ Bank from a “buy” rating to a “sell” rating in a research note issued on Tuesday, The Fly reports.
Several other equities analysts have also recently weighed in on the stock. Nord/LB cut shares of Renault from a “hold” rating to a “sell” rating in a research note on Thursday, November 19th. Barclays reaffirmed an “equal weight” rating on shares of Renault in a research note on Monday, October 26th. Kepler Capital Markets raised shares of Renault from a “hold” rating to a “buy” rating in a research report on Wednesday, December 9th. Morgan Stanley cut Renault from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, February 10th. Finally, Zacks Investment Research lowered Renault from a “buy” rating to a “hold” rating in a research report on Friday, February 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. Renault has a consensus rating of “Hold” and an average target price of $9.50.
Shares of OTCMKTS RNLSY traded down $0.28 during midday trading on Tuesday, reaching $8.87. The stock had a trading volume of 20,605 shares, compared to its average volume of 44,159. The company has a market capitalization of $13.12 billion, a price-to-earnings ratio of -73.92 and a beta of 1.97. Renault has a 12-month low of $2.90 and a 12-month high of $9.84. The stock has a 50-day moving average of $8.90 and a 200-day moving average of $7.06.
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.
Further Reading: Equity Income
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