SoftBank Group (OTCMKTS:SFTBY) Rating Lowered to Strong Sell at ValuEngine

ValuEngine downgraded shares of SoftBank Group (OTCMKTS:SFTBY) from a sell rating to a strong sell rating in a research note published on Tuesday morning, ValuEngine reports.

Several other research analysts also recently issued reports on the stock. HSBC upgraded shares of SoftBank Group from a hold rating to a buy rating in a report on Tuesday, December 3rd. Zacks Investment Research upgraded shares of SoftBank Group from a sell rating to a hold rating in a report on Thursday, December 26th. Finally, Jefferies Financial Group downgraded shares of SoftBank Group from a buy rating to a hold rating and set a $20.90 price objective on the stock. in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $20.90.

OTCMKTS:SFTBY opened at $22.22 on Tuesday. The firm’s 50-day moving average is $20.90 and its 200-day moving average is $22.83. SoftBank Group has a 52-week low of $17.67 and a 52-week high of $28.04. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.96 and a current ratio of 1.00. The company has a market cap of $92.34 billion, a price-to-earnings ratio of 7.82 and a beta of 1.66.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported $0.63 earnings per share (EPS) for the quarter. SoftBank Group had a net margin of 21.79% and a return on equity of 20.32%. The company had revenue of $11.26 billion for the quarter. Equities analysts predict that SoftBank Group will post 1.95 EPS for the current year.

SoftBank Group Company Profile

SoftBank Group Corp., together with its subsidiaries, operates in the information industry in Japan and internationally. The company operates through six segments: Domestic Telecommunications, Sprint, Yahoo Japan, Distribution, ARM, and SoftBank Vision Fund and Delta Fund. The Domestic Telecommunications segment provides mobile communications and broadband services; and telecom services, such as data communications and fixed-line telephone services to corporate customers, as well as sells mobile devices.

Further Reading: Correction

To view ValuEngine’s full report, visit ValuEngine’s official website.

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