Tucows (TCX) Downgraded by ValuEngine

ValuEngine cut shares of Tucows (NASDAQ:TCX) (TSE:TC) from a buy rating to a hold rating in a report published on Thursday morning, ValuEngine reports.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Tucows from a hold rating to a buy rating and set a $100.00 price target for the company in a research report on Wednesday, April 17th. Echelon Wealth Partners reissued a buy rating on shares of Tucows in a research report on Tuesday, March 19th. Finally, BidaskClub raised shares of Tucows from a sell rating to a hold rating in a research report on Wednesday, January 16th.

Shares of TCX stock traded down $1.48 during trading on Thursday, reaching $67.27. The company’s stock had a trading volume of 191,922 shares, compared to its average volume of 65,002. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.58. The firm has a market cap of $732.52 million, a PE ratio of 42.31 and a beta of 0.78. Tucows has a one year low of $49.69 and a one year high of $90.21.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings results on Wednesday, May 8th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). The firm had revenue of $78.95 million for the quarter, compared to the consensus estimate of $83.00 million. Tucows had a return on equity of 21.64% and a net margin of 4.92%. The business’s revenue was down 17.6% compared to the same quarter last year. During the same period last year, the company posted $0.35 earnings per share. On average, equities analysts predict that Tucows will post 2.01 earnings per share for the current fiscal year.

In other news, Director Rawleigh Hazen Iv Ralls sold 5,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $77.85, for a total transaction of $389,250.00. Following the completion of the transaction, the director now owns 6,761 shares of the company’s stock, valued at $526,343.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Elliot Noss sold 1,500 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $79.52, for a total value of $119,280.00. Following the transaction, the chief executive officer now directly owns 555,635 shares of the company’s stock, valued at approximately $44,184,095.20. The disclosure for this sale can be found here. Insiders have sold 19,000 shares of company stock valued at $1,489,000 in the last three months. 11.80% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of TCX. FMR LLC lifted its position in Tucows by 64,185.7% in the fourth quarter. FMR LLC now owns 450,000 shares of the information services provider’s stock valued at $27,027,000 after purchasing an additional 449,300 shares during the last quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV grew its stake in Tucows by 5.4% in the fourth quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 1,204,293 shares of the information services provider’s stock worth $72,330,000 after purchasing an additional 61,750 shares during the period. Manitou Investment Management Ltd. grew its stake in Tucows by 388.0% in the first quarter. Manitou Investment Management Ltd. now owns 67,194 shares of the information services provider’s stock worth $5,450,000 after purchasing an additional 53,424 shares during the period. EAM Global Investors LLC purchased a new stake in Tucows in the first quarter worth $3,877,000. Finally, LPL Financial LLC purchased a new stake in Tucows in the fourth quarter worth $2,303,000. 57.10% of the stock is owned by institutional investors and hedge funds.

About Tucows

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Germany. It operates in two segments, Network Access Services and Domain Services. The Network Access Services segment engages in the provision of mobile services under the Ting Mobile name, including the sale of retail telephony services, mobile phone hardware, and related accessories.

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