Rakuten Inc (RKUNY) Upgraded by Zacks Investment Research to “Hold”
Zacks Investment Research upgraded shares of Rakuten Inc (NASDAQ:RKUNY) from a sell rating to a hold rating in a research report released on Saturday.
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 (NASDAQ RKUNY) traded up 0.09% during trading on Friday, hitting $10.95. The company had a trading volume of 1,629 shares. Rakuten Inc has a 12-month low of $9.19 and a 12-month high of $13.65. The stock has a market capitalization of $15.11 billion and a price-to-earnings ratio of 32.78. The stock has a 50-day moving average of $11.95 and a 200 day moving average of $11.39.
COPYRIGHT VIOLATION WARNING: This article was first reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.watchlistnews.com/rakuten-inc-rkuny-upgraded-by-zacks-investment-research-to-hold/1601076.html.
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.