SoftBank Group (OTCMKTS:SFTBY) Now Covered by Analysts at Cantor Fitzgerald

Equities research analysts at Cantor Fitzgerald began coverage on shares of SoftBank Group (OTCMKTS:SFTBY) in a report issued on Monday, MarketBeat.com reports. The firm set an “overweight” rating on the technology company’s stock.

A number of other research firms have also recently issued reports on SFTBY. BTIG Research started coverage on SoftBank Group in a research report on Monday, January 5th. They issued a “buy” rating for the company. Citigroup assumed coverage on SoftBank Group in a report on Monday, January 5th. They set a “buy” rating on the stock. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

SoftBank Group Stock Performance

Shares of SoftBank Group stock traded down $0.29 during trading on Monday, hitting $11.35. 525,537 shares of the stock were exchanged, compared to its average volume of 2,347,354. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.96. The company has a fifty day moving average price of $13.68 and a 200-day moving average price of $15.07. The stock has a market capitalization of $129.66 billion, a price-to-earnings ratio of 5.24 and a beta of 1.46. SoftBank Group has a 1-year low of $4.97 and a 1-year high of $22.50.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings results on Thursday, February 12th. The technology company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.44 billion. SoftBank Group had a return on equity of 23.66% and a net margin of 48.62%. As a group, equities analysts predict that SoftBank Group will post 2.22 EPS for the current fiscal year.

SoftBank Group Company Profile

SoftBank Group Corp is a Tokyo‐based multinational conglomerate holding company with a primary focus on technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, the company initially operated as a software distributor before expanding into mobile communications and internet services. Over the years, SoftBank has built a diversified portfolio that spans telecom operators, semiconductor design, cloud computing, and emerging technology ventures.

A key pillar of SoftBank’s strategy is its investment arm, the SoftBank Vision Fund, which targets high‐growth technology companies around the globe.