SoftBank Group (OTCMKTS:SFTBY) Rating Increased to Hold at TD Cowen

TD Cowen upgraded shares of SoftBank Group (OTCMKTS:SFTBY) to a hold rating in a report published on Wednesday morning,Zacks.com reports.

A number of other equities analysts have also recently weighed in on SFTBY. Zacks Research upgraded SoftBank Group to a “hold” rating in a report on Tuesday, March 10th. Cantor Fitzgerald began coverage on shares of SoftBank Group in a research report on Monday, March 9th. They issued an “overweight” rating on the stock. BTIG Research began coverage on shares of SoftBank Group in a research note on Monday, January 5th. They set a “buy” rating for the company. Citigroup started coverage on shares of SoftBank Group in a research report on Monday, January 5th. They set a “buy” rating for the company. Finally, Jefferies Financial Group downgraded shares of SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, SoftBank Group has an average rating of “Hold”.

SoftBank Group Trading Down 3.9%

SFTBY opened at $11.49 on Wednesday. SoftBank Group has a one year low of $4.97 and a one year high of $22.50. The stock has a market capitalization of $131.20 billion, a PE ratio of 5.30 and a beta of 1.50. The business’s 50 day moving average price is $12.84 and its 200 day moving average price is $14.81. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.81 and a current ratio of 0.83.

SoftBank Group (OTCMKTS:SFTBY) last posted its earnings results 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 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 analysts’ expectations of $12.44 billion. As a group, equities research analysts expect that SoftBank Group will post 2.22 EPS for the current 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.