SoftBank Group (OTCMKTS:SFTBY) Rating Lowered to Underperform at Jefferies Financial Group

by · The Cerbat Gem

SoftBank Group (OTCMKTS:SFTBY – Get Free Report) was downgraded by equities researchers at Jefferies Financial Group from a “hold” rating to an “underperform” rating in a note issued to investors on Thursday.

Other research analysts also recently issued research reports about the company. BTIG Research assumed coverage on SoftBank Group in a report on Monday, January 5th. They set a “buy” rating on the stock. Zacks Research raised SoftBank Group to a “hold” rating in a research note on Tuesday. Cantor Fitzgerald assumed coverage on SoftBank Group in a research note on Monday. They issued an “overweight” rating for the company. Finally, Citigroup started coverage on shares of SoftBank Group in a report on Monday, January 5th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SoftBank Group presently has an average rating of “Hold”.

Get Our Latest Research Report on SFTBY

SoftBank Group Price Performance

OTCMKTS:SFTBY traded down $0.87 during trading hours on Thursday, hitting $11.17. The stock had a trading volume of 1,012,786 shares, compared to its average volume of 2,339,447. The firm has a market capitalization of $127.60 billion, a price-to-earnings ratio of 5.15 and a beta of 1.46. SoftBank Group has a one year low of $4.97 and a one year high of $22.50. The company has a 50 day simple moving average of $13.54 and a two-hundred day simple moving average of $15.04. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.81.

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

About SoftBank Group

(Get Free Report)

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.

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