SoftBank Group (OTCMKTS:SFTBY) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of SoftBank Group (OTCMKTS:SFTBYFree Report) to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

SFTBY has been the subject of a number of other research reports. Cantor Fitzgerald started coverage on shares of SoftBank Group in a research note on Monday. They issued an “overweight” rating for the company. Citigroup assumed coverage on shares of SoftBank Group in a research report on Monday, January 5th. They issued a “buy” rating for the company. Finally, BTIG Research started coverage on shares of SoftBank Group in a research note on Monday, January 5th. They set a “buy” rating for the company. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

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SoftBank Group Price Performance

OTCMKTS:SFTBY opened at $12.04 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 stock has a market cap of $137.54 billion, a P/E ratio of 5.55 and a beta of 1.46. The company has a fifty day moving average price of $13.54 and a 200 day moving average price of $15.04. SoftBank Group has a one year low of $4.97 and a one year high of $22.50.

SoftBank Group (OTCMKTS:SFTBYGet Free Report) last posted its quarterly earnings data on Thursday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.04. SoftBank Group had a net margin of 48.62% and a return on equity of 23.66%. The company had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.44 billion. Analysts anticipate that SoftBank Group will post 2.22 earnings per share for the current year.

About SoftBank Group

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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.

Further Reading

Analyst Recommendations for SoftBank Group (OTCMKTS:SFTBY)

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