SoftBank Group (OTCMKTS:SFTBY) Stock Rating Upgraded by HSBC
SoftBank Group (OTCMKTS:SFTBY) was upgraded by analysts at HSBC from a “hold” rating to a “buy” rating in a report released on Tuesday, The Fly reports.
A number of other research analysts also recently commented on SFTBY. ValuEngine upgraded SoftBank Group from a “strong sell” rating to a “sell” rating in a report on Thursday, November 14th. Zacks Investment Research downgraded shares of SoftBank Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group cut shares of SoftBank Group from a “buy” rating to a “hold” rating and set a $20.90 target price for the company. in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. SoftBank Group presently has an average rating of “Hold” and an average target price of $20.90.
OTCMKTS SFTBY traded down $0.11 during trading on Tuesday, reaching $18.94. 1,421,879 shares of the company’s stock were exchanged, compared to its average volume of 920,398. The stock has a market cap of $78.91 billion, a P/E ratio of 6.67 and a beta of 1.66. The company has a 50 day moving average price of $19.36 and a two-hundred day moving average price of $28.78. SoftBank Group has a 1 year low of $15.54 and a 1 year high of $28.04.
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.
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