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

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

A number of brokerages recently issued reports on SFTBY. Jefferies Financial Group lowered SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th. BTIG Research began coverage on SoftBank Group in a research note on Monday, January 5th. They set a “buy” rating on the stock. Zacks Research raised SoftBank Group to a “hold” rating in a report on Tuesday, March 10th. Citigroup assumed coverage on SoftBank Group in a research note on Monday, January 5th. They issued a “buy” rating for the company. Finally, Cantor Fitzgerald started coverage on SoftBank Group in a research report on Monday, March 9th. They issued an “overweight” rating on the stock.

SoftBank Group Stock Down 0.3%

OTCMKTS:SFTBY opened at $11.30 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.96. SoftBank Group has a twelve month low of $4.97 and a twelve month high of $22.50. The company has a market cap of $129.09 billion, a PE ratio of 5.21 and a beta of 1.46. The company’s 50 day moving average is $13.21 and its two-hundred day moving average is $14.97.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings results on Thursday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.44 billion. SoftBank Group had a net margin of 48.62% and a return on equity of 23.66%. Analysts anticipate 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.