Cantor Fitzgerald Initiates Coverage on SoftBank Group (OTCMKTS:SFTBY)

Research analysts at Cantor Fitzgerald began coverage on shares of SoftBank Group (OTCMKTS:SFTBY) in a research report issued on Monday, Marketbeat reports. The brokerage set an “overweight” rating on the technology company’s stock.

A number of other research firms also recently weighed in on SFTBY. BTIG Research assumed coverage on shares of SoftBank Group in a research report on Monday, January 5th. They issued a “buy” rating for the company. Citigroup began coverage on SoftBank Group in a research note on Monday, January 5th. They set a “buy” rating on the stock. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

SoftBank Group Stock Performance

Shares of SoftBank Group stock traded down $0.29 during trading on Monday, reaching $11.35. The company’s stock had a trading volume of 525,537 shares, compared to its average volume of 2,347,354. SoftBank Group has a 52 week low of $4.97 and a 52 week high of $22.50. The firm has a market cap of $129.66 billion, a PE ratio of 5.24 and a beta of 1.46. The business’s 50-day moving average price is $13.68 and its 200-day moving average price is $15.07. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.96.

SoftBank Group (OTCMKTS:SFTBY) last issued its quarterly earnings data 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 net margin of 48.62% and a return on equity of 23.66%. The business had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.44 billion. Equities analysts forecast that SoftBank Group will post 2.22 earnings per share 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.