Qurate Retail (NASDAQ:QRTEA) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of Qurate Retail (NASDAQ:QRTEA) from a sell rating to a hold rating in a research report released on Sunday.

Qurate Retail Stock Down 2.3 %

Shares of QRTEA stock opened at $0.65 on Friday. The firm has a fifty day moving average of $0.80 and a 200-day moving average of $0.94. The company has a quick ratio of 0.89, a current ratio of 1.33 and a debt-to-equity ratio of 12.97. Qurate Retail has a 12-month low of $0.40 and a 12-month high of $1.80. The company has a market capitalization of $254.36 million, a price-to-earnings ratio of -1.55 and a beta of 2.68.

Qurate Retail (NASDAQ:QRTEA) last released its earnings results on Wednesday, May 8th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $2.34 billion during the quarter. Qurate Retail had a negative net margin of 1.56% and a positive return on equity of 23.19%.

Institutional Trading of Qurate Retail

A number of hedge funds have recently modified their holdings of the stock. Barclays PLC raised its position in shares of Qurate Retail by 65.0% in the 3rd quarter. Barclays PLC now owns 105,625 shares of the company’s stock valued at $64,000 after buying an additional 41,595 shares in the last quarter. Swiss National Bank grew its holdings in Qurate Retail by 3.5% during the 3rd quarter. Swiss National Bank now owns 793,300 shares of the company’s stock worth $481,000 after acquiring an additional 26,800 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Qurate Retail by 39.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,866,964 shares of the company’s stock worth $6,592,000 after purchasing an additional 3,064,173 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Qurate Retail in the 3rd quarter worth approximately $49,000. Finally, Acadian Asset Management LLC lifted its position in shares of Qurate Retail by 578.0% during the 3rd quarter. Acadian Asset Management LLC now owns 3,035,008 shares of the company’s stock valued at $1,840,000 after acquiring an additional 2,587,345 shares during the period. Institutional investors and hedge funds own 64.10% of the company’s stock.

About Qurate Retail

Qurate Retail, Inc, together with 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 merchandise-focused televised shopping programs, Internet, and mobile applications. It also operates as an online retailer offering women's, children's, and men's apparel; and other products, such as home, accessories, and beauty products through its app, mobile, and desktop applications.