Tucows (TCX) Downgraded to “Buy” at BidaskClub

BidaskClub cut shares of Tucows (NASDAQ:TCX) (TSE:TC) from a strong-buy rating to a buy rating in a report released on Tuesday, BidAskClub reports.

Several other equities analysts have also recently issued reports on TCX. ValuEngine cut Tucows from a buy rating to a hold rating in a research report on Thursday, May 9th. Echelon Wealth Partners reaffirmed a buy rating on shares of Tucows in a research report on Wednesday, February 13th. Finally, Zacks Investment Research raised Tucows from a hold rating to a buy rating and set a $100.00 price objective on the stock in a research report on Wednesday, April 17th.

TCX stock opened at $65.01 on Tuesday. The company has a market capitalization of $676.38 million, a P/E ratio of 40.89 and a beta of 0.78. Tucows has a 12-month low of $49.69 and a 12-month high of $90.21. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 0.93.

Tucows (NASDAQ:TCX) (TSE:TC) last released its quarterly earnings data on Wednesday, May 8th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). The business had revenue of $78.95 million during the quarter, compared to the consensus estimate of $83.00 million. Tucows had a net margin of 4.92% and a return on equity of 21.03%. 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. As a group, analysts forecast that Tucows will post 1.94 EPS for the current year.

In other news, EVP David John Woroch sold 5,500 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $76.54, for a total transaction of $420,970.00. Following the transaction, the executive vice president now directly owns 52,172 shares of the company’s stock, valued at approximately $3,993,244.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rawleigh Hazen Iv Ralls sold 5,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $77.85, for a total value of $389,250.00. Following the transaction, the director now directly owns 6,761 shares in the company, valued at $526,343.85. The disclosure for this sale can be found here. Insiders sold a total of 19,000 shares of company stock worth $1,489,000 over the last ninety days. 11.80% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TCX. Quantamental Technologies LLC bought a new position in shares of Tucows during the 4th quarter valued at $78,000. Advisor Group Inc. bought a new position in shares of Tucows during the 1st quarter valued at $83,000. Legal & General Group Plc lifted its holdings in shares of Tucows by 17.5% during the 4th quarter. Legal & General Group Plc now owns 1,794 shares of the information services provider’s stock valued at $108,000 after buying an additional 267 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Tucows by 105.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,645 shares of the information services provider’s stock valued at $133,000 after buying an additional 845 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Tucows by 49,575.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,987 shares of the information services provider’s stock valued at $161,000 after buying an additional 1,983 shares during the period. 57.58% of the stock is currently owned by hedge funds and other institutional investors.

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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