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

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company.

A number of brokerages recently weighed in on SFTBY. Sanford C. Bernstein restated an “outperform” rating on shares of SoftBank Group in a research report on Wednesday, June 17th. TD Cowen reaffirmed a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of SoftBank Group from a “hold” rating to a “buy” rating in a research note on Friday, June 26th.

SoftBank Group Stock Up 6.2%

SFTBY stock opened at $18.16 on Wednesday. The stock has a market capitalization of $207.45 billion, a P/E ratio of 6.27 and a beta of 1.83. 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 1-year low of $9.35 and a 1-year high of $28.97. The business has a fifty day moving average price of $20.60 and a 200-day moving average price of $16.19.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings data 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 company had revenue of $13.17 billion for the quarter, compared to analysts’ expectations of $12.54 billion. SoftBank Group had a return on equity of 28.68% and a net margin of 64.12%. Equities analysts forecast that SoftBank Group will post 0.03 earnings per share 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.