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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) has been assigned a consensus rating of “Hold” from the nine analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company.

Several equities research analysts have recently issued reports on SFTBY shares. Deutsche Bank Aktiengesellschaft raised SoftBank Group from a “hold” rating to a “buy” rating in a report on Friday, June 26th. TD Cowen restated a “hold” rating on shares of SoftBank Group in a report on Thursday, May 14th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th.

SoftBank Group Price Performance

Shares of OTCMKTS:SFTBY opened at $21.72 on Thursday. The firm has a market cap of $248.12 billion, a price-to-earnings ratio of 7.67 and a beta of 1.89. The firm has a fifty day moving average price of $17.36 and a 200 day moving average price of $16.98. SoftBank Group has a fifty-two week low of $10.55 and a fifty-two week high of $28.97. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.78 and a current ratio of 0.80.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.07 by $0.12. SoftBank Group had a net margin of 62.60% and a return on equity of 26.38%. The business had revenue of $12.82 billion for the quarter, compared to analysts’ expectations of $12.23 billion. As a group, sell-side analysts expect that SoftBank Group will post -0.34 earnings per share for the current fiscal year.

About SoftBank Group

SoftBank Group Corp. is a Japanese technology investment and holding company founded by Masayoshi Son in 1981. The company initially focused on software distribution and technology publishing before expanding into telecommunications, internet services and global technology investments. SoftBank Group is headquartered in Tokyo and invests in businesses across Japan, North America, Europe, Asia and other international markets.

The company’s primary activities include managing technology-focused investment funds, making direct investments in technology companies and holding strategic stakes in businesses across areas such as artificial intelligence, cloud computing, telecommunications, e-commerce and financial technology.