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

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

SoftBank Group Trading Down 2.8 %

Shares of SoftBank Group stock opened at $28.19 on Friday. SoftBank Group has a 52 week low of $20.60 and a 52 week high of $37.19. The stock has a 50 day moving average price of $29.77 and a two-hundred day moving average price of $30.18. 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 stock has a market capitalization of $82.88 billion, a PE ratio of 5.64 and a beta of 1.15.

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.