Investment Analysts’ Weekly Ratings Changes for Qurate Retail Inc Series A (QRTEA)

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Qurate Retail Inc Series A (NASDAQ: QRTEA) recently received a number of ratings updates from brokerages and research firms:

  • 11/16/2019 – Qurate Retail Inc Series A was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Qurate Retail, Inc. operates and owns interests in digital commerce businesses. The company’s business and asset consist of its subsidiaries QVC Inc., HSN Inc., and zulily, llc as well as its interests in ILG and FTD, among other things. Qurate Retail Inc., formerly known as Liberty Interactive Corporation, is based in Colorado, United States. “
  • 11/13/2019 – Qurate Retail Inc Series A had its “hold” rating reaffirmed by analysts at Evercore ISI.
  • 11/13/2019 – Qurate Retail Inc Series A was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “Qurate Retail, Inc. operates and owns interests in digital commerce businesses. The company’s business and asset consist of its subsidiaries QVC Inc., HSN Inc., and zulily, llc as well as its interests in ILG and FTD, among other things. Qurate Retail Inc., formerly known as Liberty Interactive Corporation, is based in Colorado, United States. “
  • 11/12/2019 – Qurate Retail Inc Series A had its price target lowered by analysts at UBS Group AG from $17.00 to $16.00. They now have a “buy” rating on the stock.
  • 11/12/2019 – Qurate Retail Inc Series A had its price target lowered by analysts at Craig Hallum from $24.00 to $16.00. They now have a “buy” rating on the stock.
  • 10/18/2019 – Qurate Retail Inc Series A was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $11.00 price target on the stock. According to Zacks, “Qurate Retail, Inc. operates and owns interests in digital commerce businesses. The company’s business and asset consist of its subsidiaries QVC Inc., HSN Inc., and zulily, llc as well as its interests in ILG and FTD, among other things. Qurate Retail Inc., formerly known as Liberty Interactive Corporation, is based in Colorado, United States. “

Qurate Retail Inc Series A stock traded down $0.27 during trading on Tuesday, reaching $9.11. 4,572,248 shares of the company were exchanged, compared to its average volume of 3,898,867. The stock’s 50 day simple moving average is $9.66 and its two-hundred day simple moving average is $11.52. The company has a market capitalization of $3.93 billion, a P/E ratio of 4.90, a PEG ratio of 0.55 and a beta of 1.13. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.14 and a quick ratio of 0.64. Qurate Retail Inc Series A has a 52-week low of $8.97 and a 52-week high of $22.98.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its earnings results on Monday, November 11th. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.08. Qurate Retail Inc Series A had a negative net margin of 2.37% and a positive return on equity of 14.94%. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the prior year, the company posted $0.37 earnings per share. Qurate Retail Inc Series A’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, equities analysts forecast that Qurate Retail Inc Series A will post 1.92 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Citizens Financial Group Inc RI raised its holdings in shares of Qurate Retail Inc Series A by 150.9% in the 3rd quarter. Citizens Financial Group Inc RI now owns 2,509 shares of the company’s stock valued at $26,000 after purchasing an additional 1,509 shares in the last quarter. TRUE Private Wealth Advisors purchased a new stake in shares of Qurate Retail Inc Series A during the 2nd quarter worth approximately $36,000. Avestar Capital LLC boosted its holdings in shares of Qurate Retail Inc Series A by 27.0% in the 2nd quarter. Avestar Capital LLC now owns 4,269 shares of the company’s stock valued at $32,000 after buying an additional 908 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Qurate Retail Inc Series A by 15.6% in the 2nd quarter. Signaturefd LLC now owns 6,019 shares of the company’s stock valued at $75,000 after buying an additional 810 shares in the last quarter. Finally, Mercer Capital Advisers Inc. acquired a new position in shares of Qurate Retail Inc Series A in the 3rd quarter valued at $77,000. 89.63% of the stock is currently owned by hedge funds and other institutional investors.

Qurate Retail, Inc, through its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through live video programs, Websites, and mobile applications to 404 million households worldwide each day.

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