Jefferies Financial Group Downgrades SoftBank Group (OTCMKTS:SFTBY) to Hold

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

SoftBank Group Stock Performance

SoftBank Group stock opened at $28.19 on Friday. The business has a 50 day moving average of $29.77 and a 200-day moving average of $30.18. The company has a market capitalization of $82.88 billion, a P/E ratio of 5.64 and a beta of 1.15. SoftBank Group has a 1 year low of $20.60 and a 1 year high of $37.19. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.68 and a quick ratio of 0.78.

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.