Qurate Retail Group (QRTEA) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Qurate Retail Group (NASDAQ:QRTEA) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

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 analysts have also recently commented on the stock. ValuEngine cut shares of Qurate Retail Group from a hold rating to a sell rating in a research note on Friday, May 11th. FBN Securities upgraded shares of Qurate Retail Group from a sector perform rating to an outperform rating and set a $32.41 price objective for the company in a research note on Tuesday, April 24th. UBS reiterated a buy rating and issued a $33.00 price objective (up previously from $30.00) on shares of Qurate Retail Group in a research note on Monday, March 5th. Bank of America reduced their price objective on shares of Qurate Retail Group from $39.00 to $36.00 and set a buy rating for the company in a research note on Friday, March 2nd. Finally, Aegis reiterated a buy rating and issued a $38.00 price objective (up previously from $35.00) on shares of Qurate Retail Group in a research note on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $31.76.

Shares of Qurate Retail Group traded up $0.16, hitting $22.53, during midday trading on Wednesday, according to Marketbeat Ratings. The company had a trading volume of 24,307 shares, compared to its average volume of 2,711,383. The company has a quick ratio of 0.80, a current ratio of 1.09 and a debt-to-equity ratio of 1.07. Qurate Retail Group has a twelve month low of $21.82 and a twelve month high of $22.23. The stock has a market capitalization of $9.71 billion, a price-to-earnings ratio of 6.88, a price-to-earnings-growth ratio of 0.97 and a beta of 1.39.

Qurate Retail Group (NASDAQ:QRTEA) last announced its quarterly earnings data on Thursday, March 1st. The company reported $2.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $1.49. Qurate Retail Group had a net margin of 11.15% and a return on equity of 19.57%. The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.24 billion. equities research analysts expect that Qurate Retail Group will post 2.2 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in QRTEA. Staley Capital Advisers Inc. acquired a new position in shares of Qurate Retail Group in the first quarter valued at approximately $27,863,000. S&CO Inc. acquired a new position in shares of Qurate Retail Group in the first quarter valued at approximately $15,650,000. Rhumbline Advisers acquired a new position in shares of Qurate Retail Group in the first quarter valued at approximately $13,749,000. Natixis Advisors L.P. acquired a new position in shares of Qurate Retail Group in the first quarter valued at approximately $10,900,000. Finally, Cove Street Capital LLC acquired a new position in shares of Qurate Retail Group in the first quarter valued at approximately $9,120,000. Institutional investors own 88.99% of the company’s stock.

Qurate Retail Group Company Profile

Qurate Retail Group, Inc markets and sells various consumer products primarily through live merchandise-focused televised shopping programs, Websites, and mobile applications. The company's Websites offers home, apparel, beauty, accessories, jewelry, and electronics products. It also operates as an online retailer of women's, children's, and men's apparel, and children's merchandise; and home, beauty, and personalized products, as well as retails its products through catalogs, and retail and outlet stores.

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Analyst Recommendations for Qurate Retail Group (NASDAQ:QRTEA)

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