SoftBank Group (OTCMKTS:SFTBY) Sets New 52-Week High - Time to Buy?

Key Points

• SoftBank Group shares reached a new 52-week high at $66.52, with the last traded price at $66.11 and a volume of 385,067 shares.
• New Street Research downgraded SoftBank Group's rating from "buy" to "neutral", contributing to a consensus rating of "Hold" among analysts.
• The company reported strong earnings with an EPS of $1.02 for the last quarter, significantly exceeding estimates, and generated a revenue of $12.35 billion.

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $66.52 and last traded at $66.11, with a volume of 385067 shares. The stock had previously closed at $64.36.

Analyst Ratings Changes

Separately, New Street Research cut shares of SoftBank Group from a "buy" rating to a "neutral" rating in a research note on Thursday, September 25th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, SoftBank Group presently has a consensus rating of "Hold".

SoftBank Group Stock Up 2.7%

The company has a market capitalization of $194.36 billion, a P/E ratio of 16.32 and a beta of 1.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.82 and a current ratio of 0.84. The firm's fifty day moving average is $52.57 and its 200-day moving average is $36.70.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.28 by $0.74. SoftBank Group had a net margin of 23.99% and a return on equity of 12.80%. The business had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.24 billion. As a group, equities research analysts predict that SoftBank Group Corp. Unsponsored ADR will post 2.22 EPS for the current year.

About SoftBank Group

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.

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