Qurate Retail Inc Series A (QRTEA) Receives $26.57 Average PT from Brokerages

Qurate Retail Inc Series A (NASDAQ:QRTEA) has been assigned an average rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $26.57.

QRTEA has been the subject of a number of research reports. Evercore ISI initiated coverage on Qurate Retail Inc Series A in a research report on Wednesday. They set an “in-line” rating and a $20.00 target price for the company. Bank of America downgraded Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a research report on Thursday, February 28th. ValuEngine downgraded Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th. DA Davidson lowered their target price on Qurate Retail Inc Series A to $25.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Finally, Zacks Investment Research downgraded Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th.

Qurate Retail Inc Series A stock traded down $0.33 during midday trading on Thursday, hitting $17.02. The stock had a trading volume of 2,478,575 shares, compared to its average volume of 3,910,523. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 9.15 and a beta of 0.98. Qurate Retail Inc Series A has a 52-week low of $16.77 and a 52-week high of $25.92. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.04.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its quarterly earnings results on Wednesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.19). Qurate Retail Inc Series A had a return on equity of 15.39% and a net margin of 4.79%. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the previous year, the company earned $0.42 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, analysts predict that Qurate Retail Inc Series A will post 1.86 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Essex Savings Bank purchased a new position in shares of Qurate Retail Inc Series A during the fourth quarter valued at $26,000. QS Investors LLC purchased a new position in shares of Qurate Retail Inc Series A during the fourth quarter valued at $26,000. Whittier Trust Co. increased its stake in shares of Qurate Retail Inc Series A by 797.1% during the fourth quarter. Whittier Trust Co. now owns 1,857 shares of the company’s stock valued at $36,000 after buying an additional 1,650 shares during the period. Princeton Global Asset Management LLC purchased a new position in shares of Qurate Retail Inc Series A during the fourth quarter valued at $36,000. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Qurate Retail Inc Series A by 2,384.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,677,510 shares of the company’s stock valued at $86,000 after buying an additional 1,609,986 shares during the period. Institutional investors and hedge funds own 86.75% of the company’s stock.

Qurate Retail Inc Series A Company Profile

Qurate Retail, Inc, through its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. It markets and sells various consumer products primarily through live televised shopping programs, Websites, and mobile applications to 374 million households worldwide each day.

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Analyst Recommendations for Qurate Retail Inc Series A (NASDAQ:QRTEA)

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