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

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) have earned an average rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company.

Several equities research analysts recently weighed in on the stock. Citigroup assumed coverage on shares of SoftBank Group in a research note on Monday, January 5th. They set a “buy” rating on the stock. Zacks Research upgraded shares of SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. Jefferies Financial Group lowered SoftBank Group from a “hold” rating to an “underperform” rating in a research report on Thursday, March 12th. BTIG Research initiated coverage on SoftBank Group in a research note on Monday, January 5th. They issued a “buy” rating on the stock. Finally, Cantor Fitzgerald assumed coverage on SoftBank Group in a report on Monday, March 9th. They issued an “overweight” rating for the company.

SoftBank Group Stock Performance

Shares of SoftBank Group stock opened at $11.44 on Thursday. The stock has a market capitalization of $130.69 billion, a price-to-earnings ratio of 5.28 and a beta of 1.46. 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 business has a 50-day moving average of $13.35 and a 200 day moving average of $15.01. SoftBank Group has a 12 month low of $4.97 and a 12 month high of $22.50.

SoftBank Group (OTCMKTS:SFTBY) last issued its quarterly earnings results on Thursday, February 12th. The technology company reported $0.14 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $12.44 billion. As a group, sell-side analysts forecast that SoftBank Group will post 2.22 earnings per share for the current year.

SoftBank Group Company Profile

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.