Qurate Retail Inc Series A (QRTEA) Upgraded by ValuEngine to Sell

ValuEngine upgraded shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) from a strong sell rating to a sell rating in a research note released on Tuesday.

QRTEA has been the subject of several other reports. Zacks Investment Research raised Qurate Retail Inc Series A from a sell rating to a hold rating in a report on Saturday, August 11th. Citigroup reduced their target price on Qurate Retail Inc Series A from $25.00 to $18.00 and set a sell rating for the company in a report on Tuesday, June 19th. Finally, Aegis reissued a buy rating and issued a $30.00 target price on shares of Qurate Retail Inc Series A in a report on Tuesday, August 21st. Three investment analysts have rated the stock with a sell rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $30.60.

Shares of NASDAQ QRTEA opened at $22.15 on Tuesday. The stock has a market cap of $10.25 billion, a price-to-earnings ratio of 6.81, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. The company has a quick ratio of 0.57, a current ratio of 1.00 and a debt-to-equity ratio of 1.08. Qurate Retail Inc Series A has a 1 year low of $20.00 and a 1 year high of $29.11.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.01). The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Qurate Retail Inc Series A had a return on equity of 21.05% and a net margin of 10.97%. On average, equities research analysts expect that Qurate Retail Inc Series A will post 2.03 EPS for the current fiscal year.

In other Qurate Retail Inc Series A news, Director Mark C. Vadon sold 122,574 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $22.05, for a total transaction of $2,702,756.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael A. George acquired 220,600 shares of Qurate Retail Inc Series A stock in a transaction on Thursday, August 30th. The shares were bought at an average cost of $20.40 per share, with a total value of $4,500,240.00. The disclosure for this purchase can be found here. 0.01% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Gabelli Funds LLC purchased a new stake in Qurate Retail Inc Series A during the 2nd quarter valued at approximately $26,654,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Qurate Retail Inc Series A during the 2nd quarter valued at approximately $248,000. Renaissance Technologies LLC purchased a new stake in Qurate Retail Inc Series A during the 2nd quarter valued at approximately $21,888,000. Andra AP fonden raised its stake in Qurate Retail Inc Series A by 1.2% during the 2nd quarter. Andra AP fonden now owns 270,300 shares of the company’s stock valued at $5,736,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Palladium Partners LLC purchased a new stake in Qurate Retail Inc Series A during the 2nd quarter valued at approximately $456,000. 85.14% of the stock is owned by hedge funds and other institutional investors.

About Qurate Retail Inc Series A

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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