SoftBank Group (OTCMKTS:SFTBY) Lowered to Underperform Rating by Jefferies Financial Group

SoftBank Group (OTCMKTS:SFTBY) was downgraded by Jefferies Financial Group from a “hold” rating to an “underperform” rating in a research note issued on Thursday.

Several other analysts have also recently issued reports on SFTBY. Cantor Fitzgerald initiated coverage on SoftBank Group in a research report on Monday. They set an “overweight” rating for the company. Zacks Research raised shares of SoftBank Group to a “hold” rating in a report on Tuesday. Citigroup initiated coverage on shares of SoftBank Group in a report on Monday, January 5th. They issued a “buy” rating on the stock. Finally, BTIG Research initiated coverage on shares of SoftBank Group in a research report on Monday, January 5th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

SoftBank Group Price Performance

Shares of OTCMKTS SFTBY traded down $0.87 during midday trading on Thursday, reaching $11.17. The stock had a trading volume of 1,012,786 shares, compared to its average volume of 2,339,447. The company has a market capitalization of $127.60 billion, a price-to-earnings ratio of 5.15 and a beta of 1.46. SoftBank Group has a 12-month low of $4.97 and a 12-month high of $22.50. The stock has a 50-day moving average of $13.54 and a 200-day moving average of $15.04. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.81 and a current ratio of 0.83.

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

About SoftBank Group

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.