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

Key Points

• Zacks Research upgraded SoftBank Group (OTCMKTS:SFTBY) to a Hold, while recent initiations from BTIG, Citigroup and Cantor Fitzgerald produced three Buy/Overweight and two Hold ratings, leaving a MarketBeat consensus of Moderate Buy.
• SoftBank beat expectations for the most recent quarter with $0.14 EPS vs. a $0.10 estimate and revenue of $12.9B (vs. $12.44B), showing a 23.66% ROE and a 48.62% net margin; analysts project 2.22 EPS for the current fiscal year.
• The stock opened at $12.04 with a market cap of $137.54B and a P/E of 5.55, trading between a 12‑month low of $4.97 and high of $22.50 while its 50- and 200-day SMAs sit at $13.54 and $15.04 respectively.

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

Several other equities research analysts have also issued reports on SFTBY. BTIG Research began coverage on shares of SoftBank Group in a report on Monday, January 5th. They set a "buy" rating on the stock. Citigroup initiated coverage on shares of SoftBank Group in a research note on Monday, January 5th. They issued a "buy" rating for the company. Finally, Cantor Fitzgerald started coverage on shares of SoftBank Group in a research report on Monday. They issued an "overweight" rating on the stock. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

SoftBank Group Price Performance

Shares of SFTBY stock opened at $12.04 on Tuesday. The business has a fifty day simple moving average of $13.54 and a 200 day simple moving average of $15.04. The company 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 quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. SoftBank Group has a twelve month low of $4.97 and a twelve month high of $22.50.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last released its earnings results on Thursday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.04. The firm had revenue of $12.90 billion for 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%. On average, sell-side analysts forecast that SoftBank Group will post 2.22 EPS for the current fiscal 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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