Tucows (NASDAQ:TCX) Cut to “Sell” at Zacks Investment Research

Tucows (NASDAQ:TCX) (TSE:TC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Saturday, November 18th.

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, BidaskClub cut shares of Tucows from a “buy” rating to a “hold” rating in a report on Friday, October 13th.

Shares of Tucows (TCX) opened at $63.00 on Friday. Tucows has a 1-year low of $32.69 and a 1-year high of $64.65. The firm has a market cap of $674.32, a PE ratio of 45.21 and a beta of 1.33. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.82.

In other Tucows news, Director Allen Karp sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $63.31, for a total transaction of $189,930.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rawleigh Hazen Iv Ralls sold 20,697 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $53.62, for a total transaction of $1,109,773.14. Following the transaction, the director now directly owns 17,649 shares of the company’s stock, valued at $946,339.38. The disclosure for this sale can be found here. Insiders sold a total of 40,694 shares of company stock valued at $2,210,180 over the last quarter. 13.20% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of TCX. California Public Employees Retirement System raised its position in Tucows by 13.1% during the 1st quarter. California Public Employees Retirement System now owns 41,400 shares of the information services provider’s stock worth $2,113,000 after buying an additional 4,800 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Tucows by 15.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,816 shares of the information services provider’s stock valued at $705,000 after purchasing an additional 1,816 shares in the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of Tucows by 241.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 313,272 shares of the information services provider’s stock valued at $16,773,000 after purchasing an additional 221,485 shares in the last quarter. Strs Ohio purchased a new position in shares of Tucows during the 2nd quarter valued at approximately $139,000. Finally, TD Asset Management Inc. increased its holdings in shares of Tucows by 8.6% during the 2nd quarter. TD Asset Management Inc. now owns 5,599 shares of the information services provider’s stock valued at $300,000 after purchasing an additional 445 shares in the last quarter. 54.68% of the stock is owned by institutional investors.

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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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