SoftBank Group (OTCMKTS:SFTBY) Downgraded to “Hold” Rating by Jefferies Financial Group

SoftBank Group (OTCMKTS:SFTBY) was downgraded by Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Friday, Marketbeat Ratings reports.

SoftBank Group Price Performance

SoftBank Group stock traded down $0.79 on Friday, reaching $29.01. The company’s stock had a trading volume of 706,091 shares, compared to its average volume of 528,737. SoftBank Group has a twelve month low of $20.60 and a twelve month high of $37.19. The company has a market cap of $85.29 billion, a price-to-earnings ratio of 5.80 and a beta of 1.15. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.78 and a current ratio of 0.68. The business’s fifty day moving average price is $29.81 and its 200 day moving average price is $30.17.

SoftBank Group Company Profile

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.