SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• SoftBank Group’s ADR has a consensus “Hold” rating from nine analysts: five recommend buying, three recommend holding, and one recommends selling.
• Recent analyst actions were mixed, with TD Cowen maintaining a “Hold,” Bernstein reaffirming “Outperform,” and Deutsche Bank upgrading the stock from “Hold” to “Buy.”
• SoftBank reported quarterly EPS of $0.19, beating the $0.07 consensus estimate, while revenue of $12.82 billion also exceeded expectations. Shares opened at $15.66, compared with a 52-week range of $10.55 to $28.97.

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY - Get Free Report) have received a consensus recommendation of "Hold" from the nine ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company.

A number of equities research analysts have recently weighed in on SFTBY shares. TD Cowen reiterated a "hold" rating on shares of SoftBank Group in a research report on Thursday, May 14th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of SoftBank Group in a research report on Wednesday, June 17th. Finally, Deutsche Bank Aktiengesellschaft raised shares of SoftBank Group from a "hold" rating to a "buy" rating in a research note on Friday, June 26th.

SoftBank Group Stock Performance

Shares of SFTBY stock opened at $15.66 on Thursday. The company has a market capitalization of $178.90 billion, a P/E ratio of 5.53 and a beta of 1.89. SoftBank Group has a fifty-two week low of $10.55 and a fifty-two week high of $28.97. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.78 and a current ratio of 0.80. The stock has a 50 day moving average price of $17.40 and a two-hundred day moving average price of $16.82.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.12. SoftBank Group had a net margin of 62.60% and a return on equity of 26.38%. The business had revenue of $12.82 billion for the quarter, compared to analyst estimates of $12.23 billion. Analysts expect that SoftBank Group will post -0.34 earnings per share for the current year.

About SoftBank Group

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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