SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) Receives Average Recommendation of “Hold” from Analysts

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) has received an average rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company.

Several equities analysts have recently commented on SFTBY shares. Citigroup started coverage on shares of SoftBank Group in a report on Monday, January 5th. They issued a “buy” rating on the stock. Jefferies Financial Group downgraded shares of SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. TD Cowen upgraded shares of SoftBank Group to a “hold” rating in a research note on Wednesday, April 1st. Cantor Fitzgerald assumed coverage on shares of SoftBank Group in a report on Monday, March 9th. They set an “overweight” rating for the company. Finally, BTIG Research began coverage on SoftBank Group in a research report on Monday, January 5th. They set a “buy” rating for the company.

SoftBank Group Price Performance

Shares of SFTBY opened at $11.49 on Monday. The business’s 50 day moving average is $12.81 and its 200 day moving average is $14.77. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.96. SoftBank Group has a 12-month low of $4.97 and a 12-month high of $22.50. The company has a market capitalization of $131.20 billion, a PE 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, topping the consensus estimate of $0.10 by $0.04. SoftBank Group had a return on equity of 23.66% and a net margin of 48.62%.The business had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $12.44 billion. Research analysts expect that SoftBank Group will post 2.22 earnings per share for the current fiscal 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.