Qurate Retail Inc Series A (NASDAQ:QRTEA) PT Lowered to $16.00 at UBS Group

Qurate Retail Inc Series A (NASDAQ:QRTEA) had its target price decreased by analysts at UBS Group from $17.00 to $16.00 in a note issued to investors on Tuesday, AnalystRatings.com reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 55.34% from the company’s current price.

A number of other research firms have also recently weighed in on QRTEA. Zacks Investment Research raised Qurate Retail Inc Series A from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Friday, October 18th. Craig Hallum lowered their price objective on Qurate Retail Inc Series A from $24.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday. DA Davidson set a $16.00 price objective on Qurate Retail Inc Series A and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, ValuEngine raised Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $19.00.

Shares of NASDAQ QRTEA traded up $0.25 during midday trading on Tuesday, hitting $10.30. The company’s stock had a trading volume of 3,497,600 shares, compared to its average volume of 5,235,881. The company has a current ratio of 1.14, a quick ratio of 0.64 and a debt-to-equity ratio of 1.33. The firm has a market cap of $4.29 billion, a P/E ratio of 5.54, a price-to-earnings-growth ratio of 0.48 and a beta of 1.16. Qurate Retail Inc Series A has a 12-month low of $9.11 and a 12-month high of $24.10. The business’s 50 day moving average is $9.76 and its two-hundred day moving average is $12.04.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.08. The firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Qurate Retail Inc Series A had a positive return on equity of 14.94% and a negative net margin of 2.37%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. On average, analysts predict that Qurate Retail Inc Series A will post 1.92 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of QRTEA. Nuveen Asset Management LLC acquired a new stake in Qurate Retail Inc Series A during the 2nd quarter worth about $36,510,000. AQR Capital Management LLC lifted its position in Qurate Retail Inc Series A by 50.2% during the 2nd quarter. AQR Capital Management LLC now owns 8,772,116 shares of the company’s stock worth $106,757,000 after acquiring an additional 2,931,215 shares during the period. International Value Advisers LLC lifted its position in Qurate Retail Inc Series A by 55.2% during the 2nd quarter. International Value Advisers LLC now owns 5,659,240 shares of the company’s stock worth $70,118,000 after acquiring an additional 2,012,010 shares during the period. Wedge Capital Management L L P NC lifted its position in Qurate Retail Inc Series A by 58.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 4,856,078 shares of the company’s stock worth $60,167,000 after acquiring an additional 1,783,548 shares during the period. Finally, Prudential Financial Inc. lifted its position in Qurate Retail Inc Series A by 25.9% during the 2nd quarter. Prudential Financial Inc. now owns 5,730,741 shares of the company’s stock worth $71,004,000 after acquiring an additional 1,178,693 shares during the period. 90.01% of the stock is owned by institutional investors.

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

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