Qurate Retail Inc Series A (QRTEA) Rating Increased to Hold at Zacks Investment Research

Qurate Retail Inc Series A (NASDAQ:QRTEA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

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. “

Other analysts have also issued research reports about the stock. Aegis restated a “buy” rating and issued a $30.00 target price on shares of Qurate Retail Inc Series A in a research report on Tuesday, August 21st. Citigroup raised their target price on shares of Qurate Retail Inc Series A from $18.00 to $19.00 and gave the company a “sell” rating in a research report on Friday, August 17th. Finally, ValuEngine upgraded shares of Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $30.60.

Shares of Qurate Retail Inc Series A stock opened at $22.17 on Tuesday. Qurate Retail Inc Series A has a fifty-two week low of $20.00 and a fifty-two week high of $29.11. The company has a current ratio of 1.00, a quick ratio of 0.57 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $10.20 billion, a price-to-earnings ratio of 6.82, a P/E/G ratio of 2.17 and a beta of 1.27.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its earnings results on Wednesday, August 8th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Qurate Retail Inc Series A had a net margin of 10.97% and a return on equity of 21.05%. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.23 billion. Equities analysts anticipate that Qurate Retail Inc Series A will post 2.03 EPS for the current fiscal year.

In other Qurate Retail Inc Series A news, CEO Michael A. George purchased 220,600 shares of the business’s stock in a transaction dated Thursday, August 30th. The shares were bought at an average price of $20.40 per share, for a total transaction of $4,500,240.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark C. Vadon sold 122,574 shares of Qurate Retail Inc Series A stock in a transaction 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 disclosure for this sale can be found here. 0.01% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. DnB Asset Management AS acquired a new position in Qurate Retail Inc Series A in the second quarter valued at $1,180,000. IFM Investors Pty Ltd acquired a new position in Qurate Retail Inc Series A in the second quarter valued at $455,000. State of Alaska Department of Revenue acquired a new position in Qurate Retail Inc Series A in the second quarter valued at $3,187,000. Xact Kapitalforvaltning AB acquired a new position in Qurate Retail Inc Series A in the second quarter valued at $2,459,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in Qurate Retail Inc Series A in the second quarter valued at $3,258,000. Institutional investors own 85.15% of the company’s stock.

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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