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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) has earned an average rating of “Hold” from the nine brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company.

A number of research analysts recently commented on SFTBY shares. Jefferies Financial Group downgraded shares of SoftBank Group from a “hold” rating to an “underperform” rating in a research report on Thursday, March 12th. Sanford C. Bernstein started coverage on shares of SoftBank Group in a research report on Monday, May 18th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of SoftBank Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Research raised shares of SoftBank Group to a “hold” rating in a research report on Tuesday, March 10th. Finally, TD Cowen reaffirmed a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th.

SoftBank Group Trading Up 21.3%

OTCMKTS SFTBY opened at $28.68 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.81. The firm’s fifty day moving average price is $16.40 and its 200 day moving average price is $14.63. The company has a market capitalization of $327.60 billion, a price-to-earnings ratio of 9.90 and a beta of 1.79. SoftBank Group has a 12 month low of $6.34 and a 12 month high of $28.97.

SoftBank Group (OTCMKTS:SFTBY) last posted its earnings results on Wednesday, May 13th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.86. The firm had revenue of $13.17 billion for the quarter, compared to the consensus estimate of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 30.38%. On average, sell-side analysts expect 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.