Zacks: Tucows Inc. (NASDAQ:TCX) Receives Consensus Rating of “Hold” from Brokerages
Tucows Inc. (NASDAQ:TCX) (TSE:TC) has earned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.
Analysts have set a twelve-month consensus price objective of $42.30 for the company and are forecasting that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also given Tucows an industry rank of 96 out of 265 based on the ratings given to its competitors.
A number of research firms have weighed in on TCX. BidaskClub cut Tucows from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research raised Tucows from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th.
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Shares of Tucows (NASDAQ TCX) traded up 12.23% during midday trading on Wednesday, reaching $59.20. The company’s stock had a trading volume of 318,239 shares. Tucows has a 12-month low of $25.78 and a 12-month high of $63.20. The company has a market cap of $622.13 million, a P/E ratio of 44.92 and a beta of 1.36. The stock’s 50-day moving average price is $56.36 and its 200-day moving average price is $53.40.
Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings data on Tuesday, August 8th. The information services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. Tucows had a return on equity of 43.00% and a net margin of 6.55%. The company had revenue of $84.22 million during the quarter, compared to analysts’ expectations of $81.75 million. During the same period last year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was up 78.4% on a year-over-year basis. On average, analysts expect that Tucows will post $2.20 EPS for the current fiscal year.
In other news, VP Michael Goldstein sold 4,163 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $56.83, for a total transaction of $236,583.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rawleigh Hazen Iv Ralls sold 53,842 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $59.11, for a total value of $3,182,600.62. Following the transaction, the director now directly owns 85,697 shares of the company’s stock, valued at $5,065,549.67. The disclosure for this sale can be found here. Insiders have sold a total of 185,701 shares of company stock valued at $10,773,117 over the last ninety days. 13.20% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the company. Legal & General Group Plc acquired a new position in shares of Tucows during the second quarter worth about $129,000. Strs Ohio acquired a new position in shares of Tucows during the second quarter worth about $139,000. Segantii Capital Management Ltd acquired a new position in shares of Tucows during the first quarter worth about $189,000. Bard Associates Inc. acquired a new position in shares of Tucows during the first quarter worth about $236,000. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Tucows during the first quarter worth about $249,000. 31.84% of the stock is owned by institutional investors and hedge funds.
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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