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

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Qurate Retail Inc Series A (NASDAQ:QRTEA) had its target price trimmed by Craig Hallum from $24.00 to $16.00 in a research note released on Tuesday morning, The Fly reports. The firm currently has a buy rating on the stock.

A number of other analysts have also weighed in on the company. DA Davidson set a $16.00 price objective on Qurate Retail Inc Series A and gave the company a buy rating in a research note on Friday, August 9th. 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 note on Friday, October 18th. Finally, ValuEngine raised Qurate Retail Inc Series A from a strong sell rating to a sell rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Qurate Retail Inc Series A has an average rating of Hold and a consensus price target of $19.00.

Shares of QRTEA traded up $0.25 during midday trading on Tuesday, hitting $10.30. 3,497,600 shares of the company traded hands, compared to its average volume of 5,235,881. The firm has a market cap of $4.29 billion, a P/E ratio of 5.54, a PEG ratio of 0.48 and a beta of 1.16. The stock has a 50-day moving average of $9.76 and a 200-day moving average of $12.04. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.14 and a quick ratio of 0.64. Qurate Retail Inc Series A has a one year low of $9.11 and a one year high of $24.10.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its earnings results on Monday, November 11th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.08. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates 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%. Qurate Retail Inc Series A’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 earnings per share. Sell-side analysts forecast that Qurate Retail Inc Series A will post 1.92 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of Qurate Retail Inc Series A by 15.6% during the second quarter. Signaturefd LLC now owns 6,019 shares of the company’s stock valued at $75,000 after acquiring an additional 810 shares in the last quarter. Avestar Capital LLC raised its holdings in shares of Qurate Retail Inc Series A by 27.0% during the second quarter. Avestar Capital LLC now owns 4,269 shares of the company’s stock valued at $32,000 after acquiring an additional 908 shares in the last quarter. Cibc Bank USA raised its holdings in shares of Qurate Retail Inc Series A by 3.8% during the second quarter. Cibc Bank USA now owns 30,508 shares of the company’s stock valued at $378,000 after acquiring an additional 1,105 shares in the last quarter. Teza Capital Management LLC raised its holdings in shares of Qurate Retail Inc Series A by 11.4% during the second quarter. Teza Capital Management LLC now owns 11,519 shares of the company’s stock valued at $143,000 after acquiring an additional 1,177 shares in the last quarter. Finally, Advisor Group Inc. raised its holdings in shares of Qurate Retail Inc Series A by 7.4% during the second quarter. Advisor Group Inc. now owns 17,272 shares of the company’s stock valued at $213,000 after acquiring an additional 1,187 shares in the last quarter. 90.01% of the stock is owned by hedge funds and other institutional investors.

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. 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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