SoftBank Group (OTCMKTS:SFTBY) Coverage Initiated at BTIG Research

BTIG Research initiated coverage on shares of SoftBank Group (OTCMKTS:SFTBY) in a research note issued to investors on Monday. The brokerage set a “buy” rating on the technology company’s stock.

A number of other analysts also recently weighed in on the company. Citigroup started coverage on SoftBank Group in a research note on Monday. They issued a “buy” rating on the stock. New Street Research lowered SoftBank Group from a “buy” rating to a “neutral” rating in a research report on Thursday, September 25th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, SoftBank Group has an average rating of “Moderate Buy”.

SoftBank Group Stock Up 4.6%

SFTBY stock traded up $2.67 during mid-day trading on Monday, reaching $60.09. The company had a trading volume of 393,120 shares, compared to its average volume of 459,988. The company has a market capitalization of $171.61 billion, a price-to-earnings ratio of 8.25 and a beta of 1.47. The stock has a 50 day simple moving average of $62.67 and a two-hundred day simple moving average of $55.63. SoftBank Group has a 52 week low of $19.86 and a 52 week high of $90.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.92 and a quick ratio of 0.90.

SoftBank Group (OTCMKTS:SFTBY) last announced its earnings results on Tuesday, November 11th. The technology company reported $5.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $5.38. SoftBank Group had a return on equity of 20.96% and a net margin of 41.42%.The company had revenue of $12.44 billion for the quarter, compared to analyst estimates of $12.61 billion. As a group, equities analysts predict that SoftBank Group will post 2.22 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.