SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) Given Average Rating of “Hold” by Brokerages

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) have earned an average rating of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company.

SFTBY has been the topic of several recent analyst reports. Cantor Fitzgerald started coverage on SoftBank Group in a report on Monday, March 9th. They set an “overweight” rating on the stock. BTIG Research assumed coverage on SoftBank Group in a research note on Monday, January 5th. They set a “buy” rating for the company. TD Cowen raised SoftBank Group to a “hold” rating in a research note on Wednesday, April 1st. Jefferies Financial Group lowered SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. Finally, Zacks Research raised SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th.

SoftBank Group Stock Performance

SFTBY stock opened at $17.00 on Friday. The company has a 50-day simple moving average of $13.09 and a 200 day simple moving average of $14.59. The company has a market capitalization of $194.20 billion, a P/E ratio of 7.84 and a beta of 1.50. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. SoftBank Group has a fifty-two week low of $6.25 and a fifty-two week high of $22.50.

SoftBank Group (OTCMKTS:SFTBY) last released 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 company had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.44 billion. SoftBank Group had a net margin of 48.62% and a return on equity of 23.66%. Sell-side analysts predict that SoftBank Group will post 2.78 earnings per share 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.