Tucows (TCX) Upgraded to “Buy” by Zacks Investment Research

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Tucows (NASDAQ:TCX) (TSE:TC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, Zacks.com reports. The firm currently has a $100.00 price target on the information services provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 15.13% from the stock’s previous close.

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. “

Several other equities analysts have also recently weighed in on the stock. BidaskClub raised shares of Tucows from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th. Echelon Wealth Partners reaffirmed a “buy” rating on shares of Tucows in a research report on Tuesday, March 19th. Finally, ValuEngine raised shares of Tucows from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 1st.

TCX stock traded down $0.17 during trading hours on Wednesday, hitting $86.86. The company’s stock had a trading volume of 1,869 shares, compared to its average volume of 59,829. 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 company has a market capitalization of $922.44 million, a price-to-earnings ratio of 54.52 and a beta of 0.76. Tucows has a 12 month low of $49.69 and a 12 month high of $89.51.

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

In related news, EVP David John Woroch sold 5,500 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $76.54, for a total value of $420,970.00. Following the completion of the transaction, the executive vice president now owns 52,172 shares of the company’s stock, valued at $3,993,244.88. The transaction was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $79.52, for a total value of $119,280.00. Following the completion of 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. Insiders own 11.80% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV grew its holdings in shares of Tucows by 5.4% during 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 last quarter. BlackRock Inc. boosted its holdings in shares of Tucows by 0.9% in the 4th quarter. BlackRock Inc. now owns 497,236 shares of the information services provider’s stock valued at $29,864,000 after buying an additional 4,562 shares during the period. FMR LLC boosted its holdings in shares of Tucows by 64,185.7% in the 4th quarter. FMR LLC now owns 450,000 shares of the information services provider’s stock valued at $27,027,000 after buying an additional 449,300 shares during the period. Vanguard Group Inc boosted its holdings in shares of Tucows by 5.7% in the 3rd quarter. Vanguard Group Inc now owns 76,213 shares of the information services provider’s stock valued at $4,249,000 after buying an additional 4,143 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Tucows by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 76,213 shares of the information services provider’s stock valued at $4,249,000 after buying an additional 4,143 shares during the period. 58.54% of the stock is 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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