Qurate Retail Inc Series A (NASDAQ:QRTEA) Price Target Cut to $16.00

Qurate Retail Inc Series A (NASDAQ:QRTEA) had its target price cut by analysts at Craig Hallum from $24.00 to $16.00 in a research report issued on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Craig Hallum’s price objective would suggest a potential upside of 55.34% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Qurate Retail Inc Series A from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Friday, October 18th. ValuEngine raised shares of Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, DA Davidson set a $16.00 target price on shares of Qurate Retail Inc Series A and gave the company a “buy” rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.00.

QRTEA stock traded up $0.25 during mid-day trading on Tuesday, hitting $10.30. 3,497,600 shares of the company were exchanged, compared to its average volume of 5,235,881. The firm’s 50 day simple moving average is $9.76 and its 200 day simple moving average is $12.04. The firm has a market cap of $4.29 billion, a P/E ratio of 5.54, a P/E/G ratio of 0.48 and a beta of 1.16. Qurate Retail Inc Series A has a 1-year low of $9.11 and a 1-year high of $24.10. 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 announced its earnings results on Monday, November 11th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.08. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Qurate Retail Inc Series A had a negative net margin of 2.37% and a positive return on equity of 14.94%. Qurate Retail Inc Series A’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 earnings per share. On average, equities research analysts predict that Qurate Retail Inc Series A will post 1.92 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of QRTEA. Citizens Financial Group Inc RI raised its stake in Qurate Retail Inc Series A by 150.9% in the third quarter. Citizens Financial Group Inc RI now owns 2,509 shares of the company’s stock valued at $26,000 after purchasing an additional 1,509 shares in the last quarter. Avestar Capital LLC raised its stake in Qurate Retail Inc Series A by 27.0% in the second quarter. Avestar Capital LLC now owns 4,269 shares of the company’s stock valued at $32,000 after purchasing an additional 908 shares in the last quarter. TRUE Private Wealth Advisors acquired a new position in Qurate Retail Inc Series A in the second quarter valued at about $36,000. Signaturefd LLC raised its stake in Qurate Retail Inc Series A by 15.6% in the second quarter. Signaturefd LLC now owns 6,019 shares of the company’s stock valued at $75,000 after purchasing an additional 810 shares in the last quarter. Finally, Mercer Capital Advisers Inc. acquired a new position in Qurate Retail Inc Series A in the third quarter valued at about $77,000. 90.01% of the stock is owned by institutional investors and hedge funds.

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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