Citigroup Cuts Qurate Retail Group (QRTEA) Price Target to $18.00

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Qurate Retail Group (NASDAQ:QRTEA) had its target price lowered by Citigroup from $25.00 to $18.00 in a report issued on Tuesday morning. Citigroup currently has a sell rating on the stock.

A number of other brokerages have also recently commented on QRTEA. ValuEngine cut shares of Qurate Retail Group from a sell rating to a strong sell rating in a research note on Saturday, June 2nd. UBS Group restated a buy rating and set a $33.00 target price (up previously from $30.00) on shares of Qurate Retail Group in a research note on Monday, March 5th. Zacks Investment Research upgraded shares of Qurate Retail Group from a hold rating to a strong-buy rating and set a $31.00 target price for the company in a research note on Tuesday, March 6th. BidaskClub upgraded shares of Qurate Retail Group from a buy rating to a strong-buy rating in a research note on Saturday, February 24th. Finally, FBN Securities cut shares of Qurate Retail Group from an outperform rating to a sector perform rating in a research note on Friday, March 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $30.62.

Shares of QRTEA stock opened at $21.13 on Tuesday. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 6.20, a PEG ratio of 0.96 and a beta of 1.34. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.07. Qurate Retail Group has a one year low of $20.15 and a one year high of $29.11.

Qurate Retail Group (NASDAQ:QRTEA) last announced its quarterly earnings results on Thursday, May 10th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Qurate Retail Group had a net margin of 11.15% and a return on equity of 19.57%. equities research analysts predict that Qurate Retail Group will post 2.13 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. South Street Advisors LLC bought a new position in Qurate Retail Group during the first quarter worth about $237,000. Cove Street Capital LLC bought a new position in Qurate Retail Group during the first quarter worth about $9,120,000. RBO & Co. LLC bought a new position in Qurate Retail Group during the first quarter worth about $4,860,000. Natixis Advisors L.P. bought a new position in Qurate Retail Group during the first quarter worth about $10,900,000. Finally, Waldron LP bought a new position in Qurate Retail Group during the first quarter worth about $619,000. 84.55% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Qurate Retail Group (NASDAQ:QRTEA)

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