SoftBank Group (OTCMKTS:SFTBY) Upgraded at Zacks Research

Zacks Research upgraded shares of SoftBank Group (OTCMKTS:SFTBYFree Report) to a hold rating in a report published on Tuesday morning,Zacks.com reports.

SFTBY has been the topic of several other research reports. BTIG Research started coverage on SoftBank Group in a research report on Monday, January 5th. They issued a “buy” rating on the stock. Citigroup started coverage on SoftBank Group in a report on Monday, January 5th. They set a “buy” rating for the company. Finally, Cantor Fitzgerald started coverage on SoftBank Group in a report on Monday. They issued an “overweight” rating on the stock. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SoftBank Group presently has a consensus rating of “Hold”.

View Our Latest Research Report on SFTBY

SoftBank Group Price Performance

OTCMKTS:SFTBY opened at $11.20 on Tuesday. The company has a market cap of $127.95 billion, a P/E ratio of 5.17 and a beta of 1.46. The firm’s fifty day moving average price is $13.48 and its two-hundred day moving average price is $15.01. SoftBank Group has a one year low of $4.97 and a one year high of $22.50. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.81.

SoftBank Group (OTCMKTS:SFTBYGet Free Report) last announced its earnings results on Thursday, February 12th. The technology company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.10 by $0.04. The business had revenue of $12.90 billion during 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%. Equities analysts expect that SoftBank Group will post 2.22 earnings per share for the current year.

Key Headlines Impacting SoftBank Group

Here are the key news stories impacting SoftBank Group this week:

SoftBank Group Company Profile

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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.

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Analyst Recommendations for SoftBank Group (OTCMKTS:SFTBY)

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