Zacks Investment Research upgraded shares of Rakuten Inc (NASDAQ:RKUNY) from a sell rating to a hold rating in a report published on Tuesday.

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) opened at 11.93 on Tuesday. The company has a 50-day moving average price of $12.10 and a 200 day moving average price of $11.29. Rakuten Inc has a one year low of $9.19 and a one year high of $13.90. The firm has a market capitalization of $16.46 billion and a P/E ratio of 36.04.

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