SoftBank Group (OTCMKTS:SFTBY) Upgraded to “Hold” at TD Cowen

SoftBank Group (OTCMKTS:SFTBY) was upgraded by equities research analysts at TD Cowen to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

SFTBY has been the topic of several other research reports. Jefferies Financial Group downgraded SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th. Cantor Fitzgerald began coverage on SoftBank Group in a report on Monday, March 9th. They set an “overweight” rating for the company. Citigroup initiated coverage on SoftBank Group in a research report on Monday, January 5th. They issued a “buy” rating on the stock. Zacks Research upgraded SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. Finally, BTIG Research initiated coverage on SoftBank Group in a research report on Monday, January 5th. They set a “buy” rating for the company. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

SoftBank Group Stock Down 3.9%

Shares of SFTBY stock opened at $11.49 on Wednesday. SoftBank Group has a 12-month low of $4.97 and a 12-month high of $22.50. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The firm has a fifty day moving average of $12.84 and a 200-day moving average of $14.81. The company has a market capitalization of $131.20 billion, a price-to-earnings ratio of 5.30 and a beta of 1.50.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings data on Thursday, February 12th. The technology company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.10 by $0.04. The business had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $12.44 billion. SoftBank Group had a net margin of 48.62% and a return on equity of 23.66%. As a group, equities research analysts predict that SoftBank Group will post 2.22 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.