SoftBank Group (OTCMKTS:SFTBY) Downgraded by Zacks Investment Research to Strong Sell

Zacks Investment Research downgraded shares of SoftBank Group (OTCMKTS:SFTBY) from a hold rating to a strong sell rating in a research report sent to investors on Thursday morning, reports.

According to Zacks, “SOFTBANK CORP. is engaged in providing telecommunication services. The Company’s business segments include: Mobile Communication, Broadband Infrastructure, Fixed-line Communication, Internet Culture and Others. It provides mobile communication services and sells attached cellular phone terminals, high-speed Internet access services, Internet protocol (IP) phone services and contents, fixed communication service, Internet advertising business, operation of various electronic commerce sites, provision of membership services, distribution of software and peripheral devices for personal computers and the operation of Fukuoka SoftBank Hawks-related business. SOFTBANK CORP. is headquartered in Tokyo, Japan. “

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group upgraded SoftBank Group from a hold rating to a buy rating in a report on Tuesday. Morgan Stanley assumed coverage on shares of SoftBank Group in a research note on Wednesday, March 10th. They set an equal weight rating for the company.

SFTBY stock opened at $36.80 on Thursday. The business’s 50-day moving average price is $42.39. The company has a market cap of $126.81 billion, a PE ratio of 22.44 and a beta of 1.36. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.81 and a current ratio of 0.84. SoftBank Group has a 1 year low of $22.63 and a 1 year high of $50.00.

SoftBank Group Company Profile

SoftBank Group Corp. provides telecommunication services in Japan and internationally. The company operates through four segments: SoftBank Vision Fund and Other SBIA-Managed Funds, SoftBank, Arm, and Brightstar. The SoftBank Vision Fund and Other SBIA-Managed Funds is involved in investment activities.

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