UBS Group Boosts Qurate Retail Inc Series A (NASDAQ:QRTEA) Price Target to $12.00

Qurate Retail Inc Series A (NASDAQ:QRTEA) had its target price hoisted by UBS Group from $9.00 to $12.00 in a research note published on Tuesday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. BidaskClub upgraded shares of Qurate Retail Inc Series A from a hold rating to a buy rating in a research report on Thursday, July 30th. Citigroup upped their price objective on shares of Qurate Retail Inc Series A from $8.00 to $12.00 in a research report on Wednesday, June 10th. Finally, Zacks Investment Research cut shares of Qurate Retail Inc Series A from a buy rating to a hold rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Qurate Retail Inc Series A presently has an average rating of Hold and an average target price of $13.00.

NASDAQ QRTEA traded down $0.21 during trading on Tuesday, reaching $10.45. The company’s stock had a trading volume of 313,583 shares, compared to its average volume of 4,048,028. The company has a current ratio of 1.33, a quick ratio of 0.82 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of -8.27, a price-to-earnings-growth ratio of 0.35 and a beta of 1.37. Qurate Retail Inc Series A has a 12 month low of $3.01 and a 12 month high of $12.54. The firm has a 50 day moving average price of $9.92 and a 200 day moving average price of $8.13.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.02). Qurate Retail Inc Series A had a positive return on equity of 15.25% and a negative net margin of 3.99%. On average, equities analysts forecast that Qurate Retail Inc Series A will post 2.06 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Beese Fulmer Investment Management Inc. bought a new position in Qurate Retail Inc Series A during the second quarter worth $34,000. US Bancorp DE boosted its stake in Qurate Retail Inc Series A by 59.6% during the first quarter. US Bancorp DE now owns 5,871 shares of the company’s stock worth $36,000 after acquiring an additional 2,192 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Qurate Retail Inc Series A by 52.6% during the second quarter. Rockefeller Capital Management L.P. now owns 5,623 shares of the company’s stock worth $53,000 after acquiring an additional 1,937 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of Qurate Retail Inc Series A in the first quarter valued at $57,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Qurate Retail Inc Series A in the first quarter valued at $62,000. Institutional investors own 89.26% of the company’s stock.

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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