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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) has earned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company.

Several research analysts recently weighed in on the company. TD Cowen upgraded SoftBank Group to a “hold” rating in a research note on Wednesday, April 1st. Zacks Research upgraded SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. Cantor Fitzgerald assumed coverage on SoftBank Group in a research note on Monday, March 9th. They set an “overweight” rating on the stock. Finally, Jefferies Financial Group downgraded SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th.

SoftBank Group Stock Down 3.4%

Shares of SFTBY stock opened at $19.22 on Friday. SoftBank Group has a 1-year low of $6.25 and a 1-year high of $22.50. The stock’s fifty day moving average price is $13.42 and its 200 day moving average price is $14.54. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.81. The company has a market cap of $219.56 billion, a price-to-earnings ratio of 8.87 and a beta of 1.70.

SoftBank Group (OTCMKTS:SFTBY) last announced its 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 firm had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.44 billion. On average, research analysts expect that SoftBank Group will post 2.78 earnings per share for the current fiscal 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.