BidaskClub Downgrades Tucows (TCX) to Buy

BidaskClub lowered shares of Tucows (NASDAQ:TCX) (TSE:TC) from a strong-buy rating to a buy rating in a research note published on Wednesday, March 27th, BidAskClub reports.

Several other research analysts have also recently commented on the company. Echelon Wealth Partners reissued a buy rating on shares of Tucows in a research report on Tuesday, March 19th. ValuEngine raised Tucows from a buy rating to a strong-buy rating in a research report on Friday, March 1st.

TCX stock opened at $88.90 on Wednesday. Tucows has a fifty-two week low of $49.69 and a fifty-two week high of $89.51. 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 stock has a market cap of $920.83 million, a PE ratio of 55.91 and a beta of 0.76.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly earnings results on Wednesday, February 13th. The information services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.06). Tucows had a net margin of 4.95% and a return on equity of 23.64%. The company had revenue of $85.60 million for the quarter, compared to analyst estimates of $84.00 million. During the same period last year, the company posted $1.04 earnings per share. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that Tucows will post 2.01 EPS for the current fiscal year.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CLARET ASSET MANAGEMENT Corp increased its stake in shares of Tucows by 4.2% during the fourth quarter. CLARET ASSET MANAGEMENT Corp now owns 5,217 shares of the information services provider’s stock worth $314,000 after purchasing an additional 211 shares during the period. Legal & General Group Plc increased its stake in shares of Tucows by 17.5% during the fourth quarter. Legal & General Group Plc now owns 1,794 shares of the information services provider’s stock worth $108,000 after purchasing an additional 267 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Tucows by 3.8% during the fourth quarter. Bank of New York Mellon Corp now owns 28,760 shares of the information services provider’s stock worth $1,727,000 after purchasing an additional 1,065 shares during the period. Teachers Advisors LLC increased its stake 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 during the period. Finally, Quantamental Technologies LLC bought a new position in shares of Tucows during the fourth quarter worth approximately $78,000. 58.54% of the stock is owned by 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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