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Rackspace Hosting, Inc. (NYSE:RAX) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has downgraded Rackspace Hosting, Inc. (NYSE:RAX) to Hold in a statement released on 10/12/2016.

On 10/11/2016, Zacks Investment Research released a statement on Rackspace Hosting, Inc. (NYSE:RAX) upped the target price from $0.00 to $36.00 that suggested an upside of 0.13%.

Having a price of $31.78, Rackspace Hosting, Inc. (NYSE:RAX) traded -0.19% lower on the day. With the last close up 22.88% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. RAX has recorded a 50-day average of $31.58 and a two hundred day average of $25.84. Trade Volume was down over the average, with 2,625,004 shares of RAX changing hands under the typical 3,734,960

Recent Performance Chart

Rackspace Hosting, Inc. (NYSE:RAX)

Rackspace Hosting, Inc. has PE ratio of 27.95 with a one year low of $15.05 and a one year high of $32.14 and has a market capitalization of $0.

A total of 17 analysts have released a report on Rackspace Hosting, Inc.. Six analysts rating the company a strong buy, three analysts rating the company a buy, twelve analysts rating the company a hold, zero analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $26.53.

General Company Details For Rackspace Hosting, Inc. (NYSE:RAX)

Rackspace Hosting, Inc. (Rackspace) operates in the managed cloud segment of the business information technology (IT) market. The Company offers a portfolio of integrated IT solutions for common business needs. The Company offers services for certain applications, including e-commerce and Web content management sites, business-productivity applications, such as e-mail and collaboration, and data stores. The Company offers private, public and hybrid clouds in its approximately 10 data centers located on over four continents, in Microsoft Azure and Amazon Web Services data centers, as well as in customer-owned data centers. Its services include dedicated customer care and technical support, such as operating system patching, application monitoring, network and firewall configurations, and identity management. The Company has operations located in multiple cities across the United States, as well as in London, Amsterdam, Zurich, Hong Kong, Sydney and Mexico City.

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