SoftBank Group (OTCMKTS:SFTBY) Coverage Initiated by Analysts at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of SoftBank Group (OTCMKTS:SFTBY) in a report issued on Monday morning, Marketbeat reports. The firm issued an overweight rating on the technology company’s stock.

SFTBY has been the topic of several other research reports. BTIG Research started coverage on shares of SoftBank Group in a report on Monday, January 5th. They issued a “buy” rating on the stock. Citigroup started coverage on shares of SoftBank Group in a research report on Monday, January 5th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

SoftBank Group Stock Performance

Shares of OTCMKTS SFTBY opened at $11.88 on Monday. The stock’s 50-day moving average is $13.63 and its 200 day moving average is $15.07. The stock has a market cap of $135.71 billion, a price-to-earnings ratio of 5.48 and a beta of 1.46. SoftBank Group has a 1-year low of $4.97 and a 1-year high of $22.50. 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 (OTCMKTS:SFTBY) last posted its quarterly earnings results on Thursday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04. The business had revenue of $12.90 billion during the quarter, compared to analyst estimates of $12.44 billion. SoftBank Group had a net margin of 48.62% and a return on equity of 23.66%. On average, sell-side analysts anticipate that SoftBank Group will post 2.22 EPS 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.