Tucows (TCX) Raised to “Hold” at Zacks Investment Research

Tucows (NASDAQ:TCX) (TSE:TC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

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. “

Separately, BidaskClub raised Tucows from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th.

Tucows (NASDAQ:TCX) traded up $0.30 during trading hours on Thursday, hitting $57.55. The company had a trading volume of 361,500 shares, compared to its average volume of 165,406. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $605.57, a P/E ratio of 44.27 and a beta of 0.69. Tucows has a twelve month low of $44.15 and a twelve month high of $71.75.

Tucows (NASDAQ:TCX) (TSE:TC) last released its earnings results on Wednesday, February 14th. The information services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.25). The company had revenue of $90.60 million during the quarter, compared to analyst estimates of $90.80 million. Tucows had a net margin of 4.85% and a return on equity of 35.17%. Tucows’s revenue was up 85.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS. research analysts anticipate that Tucows will post 1.75 EPS for the current year.

In related news, Director Rawleigh Hazen Iv Ralls sold 6,772 shares of Tucows stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $64.09, for a total transaction of $434,017.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jody Stocks sold 500 shares of Tucows stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $63.89, for a total value of $31,945.00. Following the transaction, the vice president now owns 3,324 shares of the company’s stock, valued at approximately $212,370.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,835 shares of company stock worth $877,867. 13.20% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of TCX. Schwab Charles Investment Management Inc. bought a new stake in shares of Tucows during the second quarter worth approximately $803,000. Swiss National Bank bought a new stake in shares of Tucows during the second quarter worth approximately $701,000. Teachers Advisors LLC bought a new stake in shares of Tucows during the second quarter worth approximately $864,000. TIAA CREF Investment Management LLC bought a new stake in shares of Tucows during the second quarter worth approximately $1,301,000. Finally, Nationwide Fund Advisors bought a new stake in shares of Tucows during the second quarter worth approximately $270,000. Institutional investors and hedge funds own 54.31% of the company’s stock.

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Tucows Company Profile

Tucows Inc is engaged in providing Internet services. The Company’s segments include Network Access Services and Domain Services. The Network Access Services segment includes mobile, fixed high-speed Internet access services, Internet hosting and network consulting services. The Domain Services segment wholesale and retail domain name registration services, value added services and portfolio services.

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