SoftBank Group (OTCMKTS:SFTBY) Shares Gap Up on Analyst Upgrade

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBYGet Free Report)’s share price gapped up prior to trading on Wednesday after Zacks Research upgraded the stock to a hold rating. The stock had previously closed at $11.80, but opened at $12.38. SoftBank Group shares last traded at $12.23, with a volume of 274,398 shares trading hands.

A number of other equities research analysts also recently weighed in on SFTBY. Cantor Fitzgerald started coverage on shares of SoftBank Group in a research note on Monday. They issued an “overweight” rating on the stock. BTIG Research began coverage on shares of SoftBank Group in a research report on Monday, January 5th. They set a “buy” rating for the company. Finally, Citigroup began coverage on shares of SoftBank Group in a research report on Monday, January 5th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, SoftBank Group presently has a consensus rating of “Hold”.

Check Out Our Latest Analysis on SoftBank Group

Key SoftBank Group News

Here are the key news stories impacting SoftBank Group this week:

SoftBank Group Trading Down 7.0%

The business’s fifty day moving average is $13.48 and its 200-day moving average is $15.01. 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 firm has a market cap of $127.95 billion, a P/E ratio of 5.17 and a beta of 1.46.

SoftBank Group (OTCMKTS:SFTBYGet Free Report) last posted its earnings results on Thursday, February 12th. The technology company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. SoftBank Group had a net margin of 48.62% and a return on equity of 23.66%. The firm had revenue of $12.90 billion for the quarter, compared to analyst estimates of $12.44 billion. Analysts predict that SoftBank Group Corp. Unsponsored ADR will post 2.22 EPS for the current year.

SoftBank Group Company Profile

(Get Free Report)

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.

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