Tucows Inc. (TCX) Stock Rating Upgraded by Zacks Investment Research
Tucows Inc. (NASDAQ:TCX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage currently has a $33.00 price objective on the stock. Zacks Investment Research’s target price points to a potential upside of 5.77% from the company’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. “
Separately, Cantor Fitzgerald downgraded shares of Tucows from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th.
Tucows (NASDAQ:TCX) opened at 31.20 on Friday. The stock has a 50 day moving average of $30.53 and a 200 day moving average of $27.26. Tucows has a 12 month low of $17.67 and a 12 month high of $34.66. The firm has a market capitalization of $325.23 million, a PE ratio of 23.16 and a beta of 1.29.
Tucows (NASDAQ:TCX) last issued its earnings results on Monday, November 7th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. Tucows had a net margin of 8.73% and a return on equity of 54.57%. The company had revenue of $49.10 million for the quarter, compared to the consensus estimate of $48.35 million. During the same period in the previous year, the firm earned $0.28 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities analysts predict that Tucows will post $1.42 earnings per share for the current fiscal year.
In related news, Director Erez Gissin sold 10,000 shares of Tucows stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $27.25, for a total value of $272,500.00. Following the sale, the director now owns 7,300 shares in the company, valued at $198,925. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rawleigh Hazen Iv Ralls sold 50,000 shares of Tucows stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $27.46, for a total transaction of $1,373,000.00. Following the completion of the sale, the director now owns 281,575 shares in the company, valued at approximately $7,732,049.50. The disclosure for this sale can be found here. 17.20% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in TCX. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV boosted its stake in Tucows by 1,041.9% in the third quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 216,961 shares of the company’s stock valued at $6,943,000 after buying an additional 197,961 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Tucows by 46.7% in the third quarter. Wells Fargo & Company MN now owns 46,310 shares of the company’s stock worth $1,481,000 after buying an additional 14,745 shares during the period. Morgan Stanley boosted its stake in shares of Tucows by 24.9% in the third quarter. Morgan Stanley now owns 26,711 shares of the company’s stock worth $855,000 after buying an additional 5,321 shares during the period. Van Berkom & Associates Inc. boosted its stake in shares of Tucows by 344.0% in the third quarter. Van Berkom & Associates Inc. now owns 26,221 shares of the company’s stock worth $840,000 after buying an additional 20,315 shares during the period. Finally, Isthmus Partners LLC acquired a new stake in shares of Tucows during the third quarter worth approximately $802,000. Institutional investors and hedge funds own 21.82% of the company’s stock.
Tucows Company Profile
Tucows Inc is engaged in providing Internet services. The Company’s segments include Domain Services and Network Access Services. The Domain Services segment has over three service offerings, being wholesale and retail domain name registration services, value added services and portfolio. The Network Access Services segment includes mobile services and other services.
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