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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) has been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the company, Marketbeat reports. One research 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.

Several research firms recently commented on SFTBY. TD Cowen reissued a “hold” rating on shares of SoftBank Group in a report on Thursday, May 14th. Sanford C. Bernstein reissued an “outperform” rating on shares of SoftBank Group in a report on Wednesday. Jefferies Financial Group downgraded shares of SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th. Cantor Fitzgerald started coverage on shares of SoftBank Group in a research note on Monday, March 9th. They issued an “overweight” rating for the company. Finally, Zacks Research upgraded shares of SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th.

SoftBank Group Stock Performance

OTCMKTS:SFTBY opened at $23.41 on Friday. The firm has a market capitalization of $267.43 billion, a PE ratio of 8.08 and a beta of 1.79. The business’s fifty day moving average price is $19.54 and its 200 day moving average price is $15.42. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.80 and a quick ratio of 0.78. SoftBank Group has a 12 month low of $7.52 and a 12 month high of $28.97.

SoftBank Group (OTCMKTS:SFTBY) last posted its earnings results on Wednesday, May 13th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.16 by $0.86. The firm had revenue of $13.17 billion for the quarter, compared to analyst estimates of $12.54 billion. SoftBank Group had a return on equity of 28.68% and a net margin of 64.12%. On average, sell-side analysts anticipate that SoftBank Group will post 0.02 earnings per share 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.