Rakuten Inc (NASDAQ:RKUNY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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 (RKUNY) opened at 11.20 on Friday. The firm’s 50-day moving average is $11.95 and its 200-day moving average is $11.39. The stock has a market capitalization of $15.45 billion and a price-to-earnings ratio of 33.53. Rakuten Inc has a one year low of $9.19 and a one year high of $13.85.

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