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

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

Several equities research analysts recently weighed in on SFTBY shares. TD Cowen reaffirmed a “hold” rating on shares of SoftBank Group in a report on Thursday, May 14th. Jefferies Financial Group downgraded shares of SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. Sanford C. Bernstein initiated coverage on shares of SoftBank Group in a report on Monday, May 18th. They issued an “outperform” rating for the company. Cantor Fitzgerald initiated coverage on shares of SoftBank Group in a report on Monday, March 9th. They issued an “overweight” rating for the company. Finally, Zacks Research raised shares of SoftBank Group to a “hold” rating in a report on Tuesday, March 10th.

SoftBank Group Stock Performance

SFTBY stock opened at $23.65 on Tuesday. The company has a market capitalization of $270.17 billion, a P/E ratio of 8.16 and a beta of 1.70. The company has a 50-day simple moving average of $16.05 and a 200 day simple moving average of $14.58. SoftBank Group has a fifty-two week low of $6.34 and a fifty-two week high of $25.00. 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 (OTCMKTS:SFTBY) last posted its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.86. The business had revenue of $13.17 billion during the quarter, compared to the consensus estimate of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 30.38%. Sell-side analysts predict that SoftBank Group will post 0.02 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.