SoftBank Group (OTCMKTS:SFTBY) Upgraded at TD Cowen

TD Cowen upgraded shares of SoftBank Group (OTCMKTS:SFTBY) to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

SFTBY has been the subject of a number of other reports. BTIG Research initiated coverage on shares of SoftBank Group in a research report on Monday, January 5th. They set a “buy” rating for the company. Cantor Fitzgerald assumed coverage on shares of SoftBank Group in a research note on Monday, March 9th. They issued an “overweight” rating on the stock. Jefferies Financial Group cut shares of SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. Citigroup assumed coverage on shares of SoftBank Group in a research report on Monday, January 5th. They set a “buy” rating for the company. Finally, Zacks Research raised shares of SoftBank Group to a “hold” rating in a report on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

SoftBank Group Stock Performance

Shares of SFTBY opened at $11.49 on Wednesday. The stock has a 50-day moving average of $12.81 and a two-hundred day moving average of $14.78. 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 quick ratio of 0.81 and a current ratio of 0.83. The stock has a market cap of $131.20 billion, a P/E ratio of 5.30 and a beta of 1.50.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings results on Thursday, February 12th. The technology company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. The business had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.44 billion. SoftBank Group had a return on equity of 23.66% and a net margin of 48.62%. As a group, research analysts predict that SoftBank Group will post 2.22 EPS for the current year.

About SoftBank Group

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.