Qurate Retail Inc Series A (NASDAQ:QRTEA) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) from a hold rating to a sell rating in a research report sent to investors on Wednesday, Zacks.com reports.

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. “

A number of other research firms also recently issued reports on QRTEA. DA Davidson set a $16.00 target price on shares of Qurate Retail Inc Series A and gave the stock a buy rating in a research report on Friday, August 9th. Craig Hallum reissued a buy rating and set a $24.00 target price (down previously from $30.00) on shares of Qurate Retail Inc Series A in a research report on Monday, May 13th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Qurate Retail Inc Series A currently has an average rating of Hold and an average target price of $23.17.



NASDAQ:QRTEA traded down $0.22 on Wednesday, reaching $11.31. The stock had a trading volume of 129,527 shares, compared to its average volume of 3,972,097. The stock has a market cap of $5.46 billion, a P/E ratio of 6.16, a price-to-earnings-growth ratio of 0.68 and a beta of 1.13. The company has a current ratio of 1.02, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07. The stock’s fifty day simple moving average is $13.03. 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 quarterly earnings data on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.06. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.11 billion. Qurate Retail Inc Series A had a net margin of 3.75% and a return on equity of 14.12%. The company’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 EPS. As a group, analysts anticipate that Qurate Retail Inc Series A will post 1.6 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in Qurate Retail Inc Series A by 3.6% during the second quarter. BlackRock Inc. now owns 21,551,472 shares of the company’s stock worth $267,023,000 after purchasing an additional 757,262 shares during the last quarter. Lyrical Asset Management LP lifted its stake in Qurate Retail Inc Series A by 2.0% in the second quarter. Lyrical Asset Management LP now owns 12,307,177 shares of the company’s stock valued at $152,486,000 after buying an additional 241,316 shares during the last quarter. AQR Capital Management LLC lifted its stake in Qurate Retail Inc Series A by 50.2% in the second quarter. AQR Capital Management LLC now owns 8,772,116 shares of the company’s stock valued at $106,757,000 after buying an additional 2,931,215 shares during the last quarter. FMR LLC lifted its stake in Qurate Retail Inc Series A by 9.8% in the first quarter. FMR LLC now owns 7,611,313 shares of the company’s stock valued at $121,628,000 after buying an additional 679,691 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Qurate Retail Inc Series A by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,078,408 shares of the company’s stock valued at $138,170,000 after buying an additional 49,418 shares during the last quarter. Hedge funds and other institutional investors own 86.10% 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. 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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