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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBYGet Free Report) has been given a consensus rating of “Hold” by the six brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company.

Several research firms have recently issued reports on SFTBY. Cantor Fitzgerald started coverage on SoftBank Group in a report on Monday, March 9th. They set an “overweight” rating on the stock. Citigroup started coverage on SoftBank Group in a research report on Monday, January 5th. They set a “buy” rating on the stock. BTIG Research initiated coverage on SoftBank Group in a research note on Monday, January 5th. They issued a “buy” rating on the stock. Zacks Research upgraded SoftBank Group to a “hold” rating in a report on Tuesday, March 10th. Finally, Jefferies Financial Group downgraded shares of SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday.

Check Out Our Latest Report on SoftBank Group

Key Stories Impacting SoftBank Group

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SoftBank Group Stock Down 1.6%

Shares of OTCMKTS:SFTBY opened at $11.02 on Thursday. SoftBank Group has a fifty-two week low of $4.97 and a fifty-two week high of $22.50. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The firm’s 50-day simple moving average is $13.41 and its 200-day simple moving average is $15.01. The company has a market cap of $125.89 billion, a price-to-earnings ratio of 5.08 and a beta of 1.46.

SoftBank Group (OTCMKTS:SFTBYGet Free Report) last issued 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 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%. As a group, equities research analysts predict that SoftBank Group will post 2.22 earnings per share for the current year.

SoftBank Group Company Profile

(Get Free Report)

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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