Tucows Inc. (TCX) Upgraded at BidaskClub
BidaskClub upgraded shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) from a strong sell rating to a sell rating in a research report sent to investors on Monday morning.
Separately, Zacks Investment Research raised shares of Tucows from a sell rating to a hold rating in a research note on Thursday, July 13th.
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In related news, Director Rawleigh Hazen Iv Ralls sold 52,500 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $56.79, for a total transaction of $2,981,475.00. Following the completion of the transaction, the director now directly owns 34,355 shares of the company’s stock, valued at $1,951,020.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 13.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System purchased a new position in shares of Tucows in the 2nd quarter worth $856,000. The Manufacturers Life Insurance Company purchased a new position in shares of Tucows in the 2nd quarter worth $368,000. State Street Corp purchased a new position in shares of Tucows in the 2nd quarter worth $6,980,000. Royal Bank of Canada grew its stake in shares of Tucows by 8.2% in the 2nd quarter. Royal Bank of Canada now owns 3,571 shares of the information services provider’s stock worth $191,000 after buying an additional 271 shares in the last quarter. Finally, Voya Investment Management LLC purchased a new position in shares of Tucows in the 2nd quarter worth $223,000. 42.93% of the stock is owned by institutional investors.
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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