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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) has been given a consensus rating of “Hold” by the nine brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company.

A number of analysts have recently weighed in on the company. TD Cowen reaffirmed a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th. Cantor Fitzgerald assumed coverage on SoftBank Group in a research report on Monday, March 9th. They set an “overweight” rating on the stock. Jefferies Financial Group lowered SoftBank Group from a “hold” rating to an “underperform” rating in a research report on Thursday, March 12th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SoftBank Group in a research report on Wednesday. Finally, Zacks Research raised SoftBank Group to a “hold” rating in a research report on Tuesday, March 10th.

SoftBank Group Price Performance

SoftBank Group stock opened at $23.41 on Friday. SoftBank Group has a twelve month low of $7.52 and a twelve month high of $28.97. The stock’s fifty day simple moving average is $19.54 and its 200-day simple moving average is $15.42. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $267.43 billion, a P/E ratio of 8.08 and a beta of 1.79.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.86. SoftBank Group had a return on equity of 28.68% and a net margin of 64.12%.The business had revenue of $13.17 billion for the quarter, compared to analyst estimates of $12.54 billion. As a group, equities analysts expect that SoftBank Group will post 0.02 earnings per share for the current fiscal 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.