RAKUTEN Inc/ADR (RKUNY) Raised to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of RAKUTEN Inc/ADR (OTCMKTS:RKUNY) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.
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. “
Separately, ValuEngine upgraded shares of RAKUTEN Inc/ADR from a hold rating to a buy rating in a research note on Friday, March 2nd.
Shares of RAKUTEN Inc/ADR opened at $6.45 on Wednesday, according to MarketBeat.com. The company has a quick ratio of 1.18, a current ratio of 1.14 and a debt-to-equity ratio of 1.49. RAKUTEN Inc/ADR has a 52 week low of $6.40 and a 52 week high of $12.70. The stock has a market capitalization of $9.31 billion, a P/E ratio of 9.08, a P/E/G ratio of 1.92 and a beta of 0.39.
About RAKUTEN Inc/ADR
Rakuten, Inc operates as an Internet service provider in Japan, the Americas, Europe, and internationally. The company operates in two segments, Internet Services and FinTech. The Internet Services segment operates various e-commerce sites, including Rakuten Books, an online book store; Rakuten Travel, an Internet travel site; Rakuten GORA, which provides online golf course reservation services; Rakuten Mobile that offers mobile virtual network operator services; and Ebates, an online cash back site, as well as engages in the business for sales of advertising on these sites.
Get a free copy of the Zacks research report on RAKUTEN Inc/ADR (RKUNY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for RAKUTEN Inc/ADR Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for RAKUTEN Inc/ADR and related companies with MarketBeat.com’s FREE daily email newsletter.
Original Source