Analysts Set Qurate Retail Inc Series A (QRTEA) PT at $25.40

Qurate Retail Inc Series A (NASDAQ:QRTEA) has been assigned an average recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $25.17.

A number of equities analysts recently commented on QRTEA shares. DA Davidson decreased their target price on Qurate Retail Inc Series A to $25.00 and set a “buy” rating for the company in a report on Friday, March 1st. Bank of America downgraded Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a report on Thursday, February 28th. ValuEngine downgraded Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. Zacks Investment Research downgraded Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Finally, Citigroup upgraded Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and increased their price objective for the stock from $19.00 to $21.00 in a report on Friday, March 8th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QRTEA. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Qurate Retail Inc Series A by 5.6% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 60,355 shares of the company’s stock valued at $964,000 after buying an additional 3,176 shares during the last quarter. Tobam purchased a new stake in shares of Qurate Retail Inc Series A during the first quarter valued at $171,000. Hsbc Holdings PLC boosted its position in shares of Qurate Retail Inc Series A by 181.0% during the first quarter. Hsbc Holdings PLC now owns 431,596 shares of the company’s stock valued at $6,897,000 after buying an additional 278,001 shares during the last quarter. Cresset Asset Management LLC purchased a new stake in shares of Qurate Retail Inc Series A during the first quarter valued at $32,000. Finally, Loomis Sayles & Co. L P boosted its position in shares of Qurate Retail Inc Series A by 71.5% during the first quarter. Loomis Sayles & Co. L P now owns 1,197,913 shares of the company’s stock valued at $19,143,000 after buying an additional 499,314 shares during the last quarter. 87.86% of the stock is currently owned by hedge funds and other institutional investors.



Shares of Qurate Retail Inc Series A stock traded up $0.06 during midday trading on Friday, reaching $12.70. 143,102 shares of the company’s stock traded hands, compared to its average volume of 3,418,835. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.04. The company has a market cap of $5.44 billion, a PE ratio of 6.85 and a beta of 0.99. Qurate Retail Inc Series A has a 12 month low of $11.17 and a 12 month high of $25.03.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its earnings results on Thursday, May 9th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.25 billion. Qurate Retail Inc Series A had a net margin of 4.22% and a return on equity of 14.06%. Qurate Retail Inc Series A’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 EPS. On average, research analysts anticipate that Qurate Retail Inc Series A will post 1.68 earnings per share for the current year.

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. The company markets and sells various consumer products primarily through live video programs, Websites, and mobile applications to 404 million households worldwide each day.

Featured Article: Depreciation

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

Receive News & Ratings for Qurate Retail Inc Series A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qurate Retail Inc Series A and related companies with MarketBeat.com's FREE daily email newsletter.