SoftBank Group (OTCMKTS:SFTBY) Raised to Buy at Deutsche Bank Aktiengesellschaft

SoftBank Group (OTCMKTS:SFTBY) was upgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued on Friday.

Other analysts have also issued research reports about the stock. Cantor Fitzgerald began coverage on shares of SoftBank Group in a research note on Monday, March 9th. They issued an “overweight” rating for the company. Zacks Research upgraded SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. Jefferies Financial Group downgraded SoftBank Group from a “hold” rating to an “underperform” rating in a research report on Thursday, March 12th. TD Cowen reissued a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

SoftBank Group Stock Performance

SoftBank Group stock traded down $1.42 during mid-day trading on Friday, hitting $19.46. 2,261,361 shares of the company’s stock traded hands, compared to its average volume of 2,657,961. SoftBank Group has a fifty-two week low of $8.63 and a fifty-two week high of $28.97. The stock has a market cap of $222.31 billion, a price-to-earnings ratio of 6.72 and a beta of 1.79. The firm has a 50 day simple moving average of $20.21 and a two-hundred day simple moving average of $15.63. 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 (OTCMKTS:SFTBY) last released its earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.86. The firm had revenue of $13.17 billion during the quarter, compared to the consensus estimate of $12.54 billion. SoftBank Group had a return on equity of 28.68% and a net margin of 64.12%. On average, research analysts expect that SoftBank Group will post 0.02 EPS for the current fiscal 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.