SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) Given Average Recommendation of “Hold” by Brokerages

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) has been assigned a consensus recommendation of “Hold” from the nine analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company.

Several brokerages have recently issued reports on SFTBY. Zacks Research raised SoftBank Group to a “hold” rating in a research report on Tuesday, March 10th. Cantor Fitzgerald began coverage on SoftBank Group in a research note on Monday, March 9th. They set an “overweight” rating for the company. Sanford C. Bernstein restated an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. TD Cowen restated a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft downgraded SoftBank Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 2nd.

SoftBank Group Price Performance

OTCMKTS SFTBY opened at $20.08 on Friday. SoftBank Group has a fifty-two week low of $7.92 and a fifty-two week high of $28.97. The stock’s 50-day moving average is $20.07 and its two-hundred day moving average is $15.59. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.80 and a quick ratio of 0.78. The firm has a market cap of $229.39 billion, a P/E ratio of 6.93 and a beta of 1.79.

SoftBank Group (OTCMKTS:SFTBY) last posted its earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share 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 analyst estimates of $12.54 billion. SoftBank Group had a return on equity of 28.68% and a net margin of 64.12%. On average, analysts anticipate that SoftBank Group will post 0.02 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.