Cormark Comments on Tucows Inc.’s FY2017 Earnings (TC)
Tucows Inc. (TSE:TC) (NYSE:TCX) – Stock analysts at Cormark reduced their FY2017 earnings per share estimates for Tucows in a research report issued on Wednesday. Cormark analyst H. Mak now anticipates that the company will post earnings per share of $2.24 for the year, down from their previous estimate of $2.40. Cormark also issued estimates for Tucows’ Q3 2018 earnings at $0.84 EPS and Q4 2018 earnings at $0.84 EPS.
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Tucows (TC) opened at 75.15 on Thursday. The company has a market capitalization of $789.75 million and a PE ratio of 57.02. Tucows has a 12-month low of $33.78 and a 12-month high of $86.33. The company has a 50 day moving average price of $71.37 and a 200-day moving average price of $71.27.
In related news, Director Rawleigh Hazen Ralls sold 4,200 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of C$56.85, for a total value of C$238,770.00. Also, Director Allen Karp sold 1,900 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of C$59.92, for a total value of C$113,848.00. Over the last three months, insiders have sold 71,725 shares of company stock worth $4,216,234.
Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in the United States, Canada, and Germany. It operates in two segments, Network Access Services and Domain Services. The Network Access Services segment offers mobile and fixed high-speed Internet access services under the Ting brand, and Internet hosting and network consulting services.
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