SoftBank Group (OTCMKTS:SFTBY) Lowered to Neutral Rating by New Street Research

New Street Research lowered shares of SoftBank Group (OTCMKTS:SFTBY) from a buy rating to a neutral rating in a research report sent to investors on Thursday, MarketBeat reports.

SoftBank Group Trading Up 2.4%

SFTBY opened at $64.90 on Thursday. SoftBank Group has a fifty-two week low of $19.86 and a fifty-two week high of $64.95. The company’s 50-day moving average price is $50.55 and its 200 day moving average price is $35.66. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.99.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.74. The firm had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.24 billion. SoftBank Group had a net margin of 23.99% and a return on equity of 12.80%. Equities research analysts predict that SoftBank Group will post 2.22 EPS for the current fiscal year.

SoftBank Group Company Profile

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.