Tucows (TCX) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Tucows (NASDAQ:TCX) (TSE:TC) from a buy rating to a sell rating in a research note issued to investors on Thursday morning, Zacks.com reports.

According to Zacks, “Tucows Inc. is a pioneering provider of personalized information agents and Web sites. They deliver information over the Internet and other communications mediums such as email. Their sites provide users with relevant information they cannot conveniently locate in any one place elsewhere on the Internet. “

Other analysts have also recently issued research reports about the company. Echelon Wealth Partners reiterated a buy rating on shares of Tucows in a research report on Wednesday, February 13th. ValuEngine cut Tucows from a buy rating to a hold rating in a research report on Thursday, May 9th. Finally, BidaskClub cut Tucows from a strong-buy rating to a buy rating in a research report on Wednesday, March 27th.

TCX opened at $65.01 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.74 and a current ratio of 0.76. Tucows has a one year low of $49.69 and a one year high of $90.21. The stock has a market cap of $692.68 million, a PE ratio of 43.34 and a beta of 0.78.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its earnings results on Wednesday, May 8th. The information services provider reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). Tucows had a return on equity of 21.03% and a net margin of 4.92%. The firm had revenue of $78.95 million for the quarter, compared to analyst estimates of $83.00 million. During the same quarter last year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was down 17.6% on a year-over-year basis. As a group, equities research analysts anticipate that Tucows will post 1.94 EPS for the current year.

In related news, CEO Elliot Noss sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $79.52, for a total transaction of $119,280.00. Following the transaction, the chief executive officer now owns 555,635 shares of the company’s stock, valued at $44,184,095.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeffrey Nathan Schwartz sold 4,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $79.50, for a total value of $318,000.00. Following the transaction, the director now directly owns 8,625 shares in the company, valued at approximately $685,687.50. The disclosure for this sale can be found here. Insiders have sold 19,000 shares of company stock worth $1,489,000 in the last quarter. Insiders own 11.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of Tucows by 1.3% during the third quarter. BlackRock Inc. now owns 492,674 shares of the information services provider’s stock worth $27,467,000 after purchasing an additional 6,260 shares in the last quarter. Man Group plc grew its holdings in shares of Tucows by 14.1% during the third quarter. Man Group plc now owns 15,078 shares of the information services provider’s stock worth $841,000 after purchasing an additional 1,869 shares in the last quarter. MetLife Investment Advisors LLC grew its holdings in shares of Tucows by 55.6% during the third quarter. MetLife Investment Advisors LLC now owns 6,809 shares of the information services provider’s stock worth $380,000 after purchasing an additional 2,433 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Tucows by 57.5% during the third quarter. AQR Capital Management LLC now owns 6,595 shares of the information services provider’s stock worth $368,000 after purchasing an additional 2,409 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of Tucows by 7.2% during the third quarter. Teachers Advisors LLC now owns 18,445 shares of the information services provider’s stock worth $1,028,000 after purchasing an additional 1,242 shares in the last quarter. 57.58% of the stock is currently owned by hedge funds and other institutional investors.

Tucows Company Profile

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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