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

Key Points

• TD Cowen upgraded SoftBank Group to a "hold" and the consensus across analysts is mixed (3 Buy, 3 Hold, 1 Sell), giving the stock an average rating of Hold.
• SoftBank beat quarterly expectations, reporting $0.14 EPS vs. $0.10 expected and $12.90B revenue vs. $12.44B, with a 48.62% net margin and 23.66% return on equity.
• Shares trade at $11.49 with a P/E of 5.30 and market cap of $131.2B, are below their 50- ($12.84) and 200-day ($14.81) moving averages, and sit within a 52-week range of $4.97–$22.50.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) was upgraded by research analysts at TD Cowen to a "hold" rating in a research report issued on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on SFTBY. Citigroup assumed coverage on SoftBank Group in a report on Monday, January 5th. They set a "buy" rating on the stock. Jefferies Financial Group downgraded shares of SoftBank Group from a "hold" rating to an "underperform" rating in a research report on Thursday, March 12th. Zacks Research raised shares of SoftBank Group to a "hold" rating in a research note on Tuesday, March 10th. Cantor Fitzgerald initiated coverage on shares of SoftBank Group in a report on Monday, March 9th. They set an "overweight" rating for the company. Finally, BTIG Research began coverage on shares of SoftBank Group in a research note on Monday, January 5th. They issued a "buy" rating for the company. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

SoftBank Group Stock Performance

Shares of SoftBank Group stock opened at $11.49 on Wednesday. The firm has a fifty day moving average of $12.84 and a two-hundred day moving average of $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. The stock has a market capitalization of $131.20 billion, a price-to-earnings ratio of 5.30 and a beta of 1.50. SoftBank Group has a 52 week low of $4.97 and a 52 week high of $22.50.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The technology company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.04. The business had revenue of $12.90 billion during the quarter, compared to analysts' expectations of $12.44 billion. SoftBank Group had a return on equity of 23.66% and a net margin of 48.62%. As a group, equities research analysts predict 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.

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