SoftBank Group Corp. Unsponsored ADR (SFTBY) – What Are Researchers Saying About This Stock?

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

Separately, Jefferies Financial Group upgraded SoftBank Group from an “underperform” rating to a “hold” rating in a research note on Wednesday.

SoftBank Group Stock Up 2.6%

Shares of OTCMKTS:SFTBY traded up $0.38 during midday trading on Wednesday, reaching $14.93. The company’s stock had a trading volume of 304,534 shares, compared to its average volume of 3,307,046. The stock has a fifty day moving average of $17.94 and a 200 day moving average of $16.72. SoftBank Group has a twelve month low of $10.55 and a twelve month high of $28.97. The firm has a market capitalization of $170.56 billion, a PE ratio of 5.27 and a beta of 1.91.

SoftBank Group (OTCMKTS:SFTBY) last posted its earnings results on Thursday, August 6th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The business had revenue of $12.82 billion for the quarter, compared to analyst estimates of $12.23 billion. Sell-side analysts anticipate that SoftBank Group will post -0.34 earnings per share for the current fiscal year.

About SoftBank Group

SoftBank Group Corp. is a Japanese holding company focused on technology, telecommunications and investment activities. Founded in 1981 by Masayoshi Son, the company began as a distributor of computer software before expanding into internet businesses, mobile communications and technology investing. It is headquartered in Tokyo and serves markets in Japan and internationally.

SoftBank Group’s activities include managing investments in technology companies through its investment portfolio and SoftBank Vision Funds, which have backed businesses in areas such as artificial intelligence, software, e-commerce, financial technology, robotics and communications.