ValuEngine upgraded shares of Tucows (NASDAQ:TCX) (TSE:TC) from a hold rating to a buy rating in a research note released on Tuesday, ValuEngine reports.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Tucows from a hold rating to a sell rating in a report on Saturday, November 9th. BidaskClub cut shares of Tucows from a buy rating to a hold rating in a research note on Saturday, November 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $100.00.

Shares of TCX opened at $56.49 on Tuesday. The firm has a market cap of $585.47 million, a P/E ratio of 35.53 and a beta of 1.13. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.89 and a quick ratio of 0.86. Tucows has a 1 year low of $45.01 and a 1 year high of $90.21. The company has a 50 day simple moving average of $56.64 and a two-hundred day simple moving average of $55.38.

In related news, CEO Elliot Noss sold 1,500 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $51.24, for a total value of $76,860.00. Following the sale, the chief executive officer now directly owns 551,260 shares in the company, valued at $28,246,562.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 13.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can grew its position in Tucows by 840.4% in the second quarter. Bank of Montreal Can now owns 2,097 shares of the information services provider’s stock worth $128,000 after acquiring an additional 1,874 shares in the last quarter. Royal Bank of Canada raised its position in Tucows by 24.6% during the second quarter. Royal Bank of Canada now owns 4,081 shares of the information services provider’s stock valued at $249,000 after purchasing an additional 806 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Tucows by 156.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,961 shares of the information services provider’s stock valued at $354,000 after purchasing an additional 3,640 shares during the last quarter. CLARET ASSET MANAGEMENT Corp lifted its stake in shares of Tucows by 7.8% in the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 6,432 shares of the information services provider’s stock valued at $348,000 after purchasing an additional 463 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Tucows by 17.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 7,949 shares of the information services provider’s stock valued at $485,000 after purchasing an additional 1,200 shares during the last quarter. 56.59% 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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