SoftBank Group (OTCMKTS:SFTBY) Upgraded at Zacks Research

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

Several other brokerages also recently commented on SFTBY. BTIG Research began coverage on SoftBank Group in a report on Monday, January 5th. They set a “buy” rating on the stock. Citigroup began coverage on SoftBank Group in a research note on Monday, January 5th. They issued a “buy” rating for the company. Finally, Cantor Fitzgerald initiated coverage on SoftBank Group in a research report on Monday. They set an “overweight” rating for the company. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

SoftBank Group Trading Up 2.0%

Shares of OTCMKTS SFTBY opened at $12.04 on Tuesday. The firm has a 50 day moving average price of $13.54 and a two-hundred day moving average price of $15.04. The stock has a market cap of $137.54 billion, a P/E ratio of 5.55 and a beta of 1.46. SoftBank Group has a 52-week low of $4.97 and a 52-week high of $22.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.81 and a current ratio of 0.83.

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