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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) has been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company.

A number of equities research analysts have issued reports on SFTBY shares. Deutsche Bank Aktiengesellschaft upgraded SoftBank Group from a “hold” rating to a “buy” rating in a research note on Friday, June 26th. TD Cowen reissued a “hold” rating on shares of SoftBank Group in a report on Thursday, May 14th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of SoftBank Group in a research report on Wednesday, June 17th.

SoftBank Group Price Performance

SFTBY opened at $15.66 on Thursday. The company’s 50-day simple moving average is $17.40 and its two-hundred day simple moving average is $16.82. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.78 and a current ratio of 0.80. The stock has a market capitalization of $178.90 billion, a P/E ratio of 5.53 and a beta of 1.89. SoftBank Group has a 52-week low of $10.55 and a 52-week high of $28.97.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. SoftBank Group had a net margin of 62.60% and a return on equity of 26.38%. The firm had revenue of $12.82 billion during the quarter, compared to analyst estimates of $12.23 billion. As a group, analysts predict that SoftBank Group will post -0.34 EPS for the current 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.