Zacks Investment Research downgraded shares of Rakuten Inc (NASDAQ:RKUNY) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

According to Zacks, “Rakuten, Inc. engages in the internet services business. Its operating segments consist of Internet Services, FinTech and Others. Internet Services segment manages e-commerce, online cash-back, travel booking, and portal and digital content sites. FinTech segment provides services over the internet related to banking and securities, credit cards, life insurance and electronic money. Others segment includes the provision of messaging and communication services and management of a Japanese professional baseball team. Rakuten, Inc. is headquartered in Tokyo, Japan. “

Shares of Rakuten Inc (RKUNY) opened at 12.36 on Wednesday. Rakuten Inc has a 1-year low of $9.19 and a 1-year high of $13.97. The firm has a market cap of $17.57 billion and a PE ratio of 38.75. The company’s 50-day moving average price is $12.08 and its 200 day moving average price is $10.84.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at

Get a free copy of the Zacks research report on Rakuten Inc (RKUNY)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Rakuten Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rakuten Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.