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

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

A number of brokerages have recently issued reports on SFTBY. TD Cowen reaffirmed a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th. Zacks Research raised SoftBank Group to a “hold” rating in a research report on Tuesday, March 10th. Cantor Fitzgerald assumed coverage on SoftBank Group in a research note 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. Finally, Sanford C. Bernstein assumed coverage on SoftBank Group in a research note on Monday, May 18th. They issued an “outperform” rating for the company.

SoftBank Group Price Performance

Shares of SoftBank Group stock opened at $21.10 on Tuesday. The firm’s 50 day moving average price is $15.04 and its 200-day moving average price is $14.40. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. SoftBank Group has a 52-week low of $6.34 and a 52-week high of $22.50. The company has a market cap of $241.04 billion, a P/E ratio of 7.28 and a beta of 1.70.

SoftBank Group (OTCMKTS:SFTBY) last posted its earnings results on Wednesday, May 13th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.86. The company had revenue of $13.17 billion during the quarter, compared to analysts’ expectations of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 30.38%. On average, sell-side analysts predict that SoftBank Group will post 0.02 EPS for the current fiscal year.

About SoftBank Group

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.