SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY – Get Free Report) shares were up 6% during trading on Friday . The stock traded as high as $63.20 and last traded at $61.86. Approximately 107,958 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 732,818 shares. The stock had previously closed at $58.34.
Analyst Upgrades and Downgrades
Separately, New Street Research downgraded SoftBank Group from a “buy” rating to a “neutral” rating in a report on Thursday, September 25th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on SFTBY
SoftBank Group Trading Up 4.5%
SoftBank Group (OTCMKTS:SFTBY – Get Free Report) last issued its quarterly earnings data on Tuesday, November 11th. The technology company reported $5.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $5.38. SoftBank Group had a return on equity of 22.08% and a net margin of 41.42%.The business had revenue of $12.44 billion during the quarter, compared to the consensus estimate of $12.61 billion. On average, equities analysts expect that SoftBank Group Corp. Unsponsored ADR will post 2.22 EPS for the current fiscal year.
SoftBank Group Company Profile
SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.
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