Citigroup downgrades Rakuten Group (OTCMKTS: RKUNY) to neutral

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Rakuten Group (OTCMKTS: RKUNYGet a rating) was downgraded by Citigroup stock analysts from a “buy” rating to a “neutral” rating in a report on Monday, Fly reports.

Separately, Zacks Investment Research downgraded Rakuten Group shares from a “hold” to a “sell” rating in a Wednesday, April 6 research note.

RKUNY held steady at $5.64 during Monday’s trading. 32,700 shares of the company were traded, against an average volume of 63,204. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt ratio of 3.05. Rakuten Group has a 12 month minimum of $5.53 and a 12 month maximum of $12.50. The stock’s 50-day moving average is $7.06 and its 200-day moving average is $8.48. The stock has a market capitalization of $8.93 billion, a price-earnings ratio of -5.58 and a beta of 1.01.

About Rakuten Group (Get a rating)

Rakuten Group, Inc provides Internet services in Japan and internationally. It operates through three segments: internet services, fintech and mobile segments. The Internet Services segment operates Rakuten Ichiba, an Internet shopping center; Rakuten Travel, online travel and booking site; Rakuten Rewards, a membership-based online cashback site; Rakuten Fashion, a fashion mail order site; Rakuten Books, an online book, CD and DVD store; 24-hour Rakuten necessities sales service; Rakuten Seiyu Netsuper, an online grocery delivery service; Rakuten Bic, an e-commerce site; Rakuten Rebates, a reminder service; Rakuma, a consumer-to-consumer mobile e-commerce application; Rakuten Super Logistics, a distribution and fulfillment service; Rakuten Drone, Drone/UGV delivery service; Rakuten Gora, an online golf course reservation; and Rakuten Marketing which provides performance marketing services.

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