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

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

SoftBank Group Stock Performance

Shares of SFTBY traded down $0.79 during trading hours on Friday, hitting $29.01. The company had a trading volume of 706,091 shares, compared to its average volume of 528,737. The firm 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 quick ratio of 0.78, a current ratio of 0.68 and a debt-to-equity ratio of 0.82. The business has a fifty day moving average of $29.81 and a 200-day moving average of $30.17. SoftBank Group has a 12 month low of $20.60 and a 12 month high of $37.19.

About SoftBank Group

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.