Qurate Retail Inc Series A (QRTEA) Shares Gap Up to $17.19

Qurate Retail Inc Series A (NASDAQ:QRTEA) gapped up prior to trading on Friday . The stock had previously closed at $16.65, but opened at $17.19. Qurate Retail Inc Series A shares last traded at $17.44, with a volume of 6366871 shares changing hands.

A number of research firms recently commented on QRTEA. Citigroup upgraded Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and upped their price objective for the company from $19.00 to $21.00 in a report on Friday. Zacks Investment Research downgraded Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Bank of America downgraded Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a report on Thursday, February 28th. ValuEngine downgraded Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. Finally, Aegis upped their price objective on Qurate Retail Inc Series A from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, November 19th. Three research analysts have rated the stock with a sell rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $27.74.

The company has a quick ratio of 0.51, a current ratio of 0.97 and a debt-to-equity ratio of 1.02. The company has a market cap of $9.80 billion, a PE ratio of 9.38, a PEG ratio of 1.91 and a beta of 1.09.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its earnings results on Wednesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.19). Qurate Retail Inc Series A had a net margin of 9.88% and a return on equity of 22.24%. The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. As a group, equities research analysts anticipate that Qurate Retail Inc Series A will post 1.86 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Dodge & Cox boosted its position in shares of Qurate Retail Inc Series A by 35.3% during the third quarter. Dodge & Cox now owns 52,572,349 shares of the company’s stock worth $1,167,632,000 after buying an additional 13,722,089 shares during the period. Norges Bank acquired a new position in shares of Qurate Retail Inc Series A during the fourth quarter worth about $74,476,000. Bank of New York Mellon Corp acquired a new position in shares of Qurate Retail Inc Series A during the second quarter worth about $43,883,000. Oregon Public Employees Retirement Fund boosted its position in shares of Qurate Retail Inc Series A by 2,384.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,677,510 shares of the company’s stock worth $86,000 after buying an additional 1,609,986 shares during the period. Finally, Metropolis Capital Ltd acquired a new position in shares of Qurate Retail Inc Series A during the fourth quarter worth about $29,166,000. 86.19% of the stock is owned by hedge funds and other institutional investors.

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About Qurate Retail Inc Series A (NASDAQ:QRTEA)

Qurate Retail, Inc, through its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. It markets and sells various consumer products primarily through live televised shopping programs, Websites, and mobile applications to 374 million households worldwide each day.

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