SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY – Get Free Report) shares shot up 7.6% on Friday . The stock traded as high as $16.6887 and last traded at $16.61. 171,607 shares were traded during mid-day trading, a decline of 94% from the average session volume of 2,975,085 shares. The stock had previously closed at $15.44.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on SFTBY shares. Deutsche Bank Aktiengesellschaft upgraded shares of SoftBank Group from a “hold” rating to a “buy” rating in a research note on Friday, June 26th. Sanford C. Bernstein restated an “outperform” rating on shares of SoftBank Group in a report on Wednesday, June 17th. Finally, TD Cowen restated a “hold” rating on shares of SoftBank Group in a report on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, SoftBank Group has a consensus rating of “Hold”.
View Our Latest Research Report on SoftBank Group
SoftBank Group Price Performance
SoftBank Group (OTCMKTS:SFTBY – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.86. The business had revenue of $13.17 billion for the quarter, compared to analyst estimates of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 28.68%. On average, equities analysts anticipate that SoftBank Group Corp. Unsponsored ADR will post 0.1 earnings per share for the current fiscal 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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