SoftBank Group (OTCMKTS:SFTBY) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of SoftBank Group (OTCMKTS:SFTBY) from an underperform rating to a hold rating in a research note released on Wednesday, Marketbeat.com reports.

SoftBank Group Stock Down 7.5%

Shares of OTCMKTS:SFTBY opened at $13.82 on Wednesday. The business’s 50 day moving average is $17.80 and its 200 day moving average is $16.72. The stock has a market cap of $157.88 billion, a P/E ratio of 5.27 and a beta of 1.91. SoftBank Group has a 52-week low of $10.55 and a 52-week high of $28.97. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.89.

SoftBank Group (OTCMKTS:SFTBY) last issued its earnings results on Thursday, August 6th. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. SoftBank Group had a return on equity of 26.14% and a net margin of 62.60%. The business had revenue of $12.82 billion during the quarter, compared to analyst estimates of $12.23 billion. Sell-side analysts predict that SoftBank Group will post -0.34 EPS for the current year.

About SoftBank Group

SoftBank Group Corp. is a Japanese holding company focused on technology, telecommunications and investment activities. Founded in 1981 by Masayoshi Son, the company began as a distributor of computer software before expanding into internet businesses, mobile communications and technology investing. It is headquartered in Tokyo and serves markets in Japan and internationally.

SoftBank Group’s activities include managing investments in technology companies through its investment portfolio and SoftBank Vision Funds, which have backed businesses in areas such as artificial intelligence, software, e-commerce, financial technology, robotics and communications.