Zacks Investment Research cut shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) from a hold rating to a sell rating in a report 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. “

A number of other brokerages have also commented on QRTEA. Evercore ISI restated a hold rating on shares of Qurate Retail Inc Series A in a report on Wednesday, November 13th. Craig Hallum dropped 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 report on Tuesday, November 12th. UBS Group dropped 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 report on Tuesday, November 12th. Finally, ValuEngine raised shares of Qurate Retail Inc Series A from a sell rating to a hold rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $16.83.

Shares of NASDAQ:QRTEA traded down $0.17 during midday trading on Thursday, reaching $8.84. 3,720,451 shares of the company were exchanged, compared to its average volume of 5,228,321. Qurate Retail Inc Series A has a fifty-two week low of $7.64 and a fifty-two week high of $22.29. The company has a quick ratio of 0.64, a current ratio of 1.14 and a debt-to-equity ratio of 1.33. The stock has a fifty day simple moving average of $8.46 and a two-hundred day simple moving average of $10.48. The firm has a market cap of $3.66 billion, a PE ratio of 4.75, a P/E/G ratio of 0.46 and a beta of 1.10.

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

In related news, insider Albert E. Rosenthaler sold 58,992 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.32, for a total value of $490,813.44. Following the completion of the transaction, the insider now owns 152,118 shares of the company’s stock, valued at $1,265,621.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.01% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in QRTEA. Nuveen Asset Management LLC bought a new position in shares of Qurate Retail Inc Series A in the 2nd quarter valued at about $36,510,000. AQR Capital Management LLC grew its position in shares of Qurate Retail Inc Series A by 50.2% in the 2nd quarter. AQR Capital Management LLC now owns 8,772,116 shares of the company’s stock valued at $106,757,000 after acquiring an additional 2,931,215 shares during the period. Wedge Capital Management L L P NC grew its position in shares of Qurate Retail Inc Series A by 26.9% in the 3rd quarter. Wedge Capital Management L L P NC now owns 6,162,762 shares of the company’s stock valued at $63,569,000 after acquiring an additional 1,306,684 shares during the period. Metropolis Capital Ltd grew its position in shares of Qurate Retail Inc Series A by 48.8% in the 4th quarter. Metropolis Capital Ltd now owns 3,936,609 shares of the company’s stock valued at $33,186,000 after acquiring an additional 1,291,165 shares during the period. Finally, Balyasny Asset Management LLC bought a new position in shares of Qurate Retail Inc Series A in the 2nd quarter valued at about $13,867,000. 90.39% 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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