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

Zacks Investment Research downgraded shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) from a hold rating to a sell rating in a research note released on Thursday, 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. “

Several other research firms have also recently weighed in on QRTEA. ValuEngine upgraded shares of Qurate Retail Inc Series A from a sell rating to a hold rating in a research report on Friday, January 3rd. Craig Hallum lowered their price objective on shares of Qurate Retail Inc Series A from $24.00 to $16.00 and set a buy rating on the stock in a research report on Tuesday, November 12th. UBS Group lowered their price objective on shares of Qurate Retail Inc Series A from $17.00 to $16.00 and set a buy rating on the stock in a research report on Tuesday, November 12th. Finally, Evercore ISI reiterated a hold rating on shares of Qurate Retail Inc Series A in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Qurate Retail Inc Series A currently has a consensus rating of Hold and a consensus price target of $16.83.

Shares of NASDAQ QRTEA traded down $0.17 during trading on Thursday, hitting $8.84. The company had a trading volume of 3,720,451 shares, compared to its average volume of 5,228,321. The company has a market cap of $3.66 billion, a P/E ratio of 4.75, a PEG ratio of 0.46 and a beta of 1.10. Qurate Retail Inc Series A has a 52 week low of $7.64 and a 52 week high of $22.29. The business’s 50-day moving average is $8.46 and its 200 day moving average is $10.48. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.64 and a current ratio of 1.14.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.08. The company had revenue of $3.09 billion for 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 firm’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 earnings per share. On average, research analysts expect that Qurate Retail Inc Series A will post 1.92 EPS for the current year.

In other Qurate Retail Inc Series A news, insider Albert E. Rosenthaler sold 58,992 shares of Qurate Retail Inc Series A stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $8.32, for a total transaction of $490,813.44. Following the transaction, the insider now directly owns 152,118 shares in the company, valued at approximately $1,265,621.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.01% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Citizens Financial Group Inc RI grew its holdings in shares of Qurate Retail Inc Series A by 150.9% during the 3rd quarter. Citizens Financial Group Inc RI now owns 2,509 shares of the company’s stock valued at $26,000 after acquiring an additional 1,509 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Qurate Retail Inc Series A during the 4th quarter worth $40,000. Mercer Capital Advisers Inc. acquired a new position in Qurate Retail Inc Series A during the 3rd quarter worth $77,000. Pinebridge Investments L.P. acquired a new position in Qurate Retail Inc Series A during the 2nd quarter worth $102,000. Finally, Sterling Investment Advisors Ltd. acquired a new position in Qurate Retail Inc Series A during the 3rd quarter worth $103,000. Hedge funds and other institutional investors own 90.39% 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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