SoftBank Group (OTCMKTS:SFTBY) Upgraded to “Buy” by HSBC

HSBC upgraded shares of SoftBank Group (OTCMKTS:SFTBY) from a hold rating to a buy rating in a research report sent to investors on Tuesday, Briefing.com Automated Import reports.

Several other research firms also recently commented on SFTBY. ValuEngine upgraded shares of SoftBank Group from a strong sell rating to a sell rating in a research note on Thursday, November 14th. Jefferies Financial Group downgraded SoftBank Group from a buy rating to a hold rating and set a $20.90 target price on the stock. in a research report on Friday, October 25th. Finally, Zacks Investment Research downgraded SoftBank Group from a strong-buy rating to a hold rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $20.90.

Shares of SoftBank Group stock opened at $19.69 on Tuesday. SoftBank Group has a 12-month low of $15.54 and a 12-month high of $28.04. The firm has a market capitalization of $81.57 billion, a price-to-earnings ratio of 6.93 and a beta of 1.66. The firm’s 50 day simple moving average is $19.33 and its two-hundred day simple moving average is $28.22.

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.

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