SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY – Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $25.00 and last traded at $24.16, with a volume of 488922 shares trading hands. The stock had previously closed at $21.10.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on SFTBY shares. TD Cowen restated a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Sanford C. Bernstein started coverage on SoftBank Group in a research note on Monday, May 18th. They issued an “outperform” rating for the company. Zacks Research upgraded SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. Jefferies Financial Group cut SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th. Finally, Cantor Fitzgerald started coverage on SoftBank Group in a research note on Monday, March 9th. They issued an “overweight” rating for the company. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Get Our Latest Report on SoftBank Group
SoftBank Group Trading Up 15.9%
SoftBank Group (OTCMKTS:SFTBY – Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.86. SoftBank Group had a return on equity of 30.38% and a net margin of 64.12%.The company had revenue of $13.17 billion during the quarter, compared to analyst estimates of $12.54 billion. On average, equities research analysts predict that SoftBank Group Corp. Unsponsored ADR will post 0.02 earnings per share 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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