Tucows Inc. (NASDAQ:TCX) (TSE:TC) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation. Tucows’ rating score has improved by 66.7% in the last 90 days as a result of a number of analysts’ ratings changes.
Analysts have set a 12 month consensus price objective of $76.00 for the company and are forecasting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also given Tucows an industry rank of 92 out of 256 based on the ratings given to its competitors.
Several research firms have recently issued reports on TCX. TheStreet lowered Tucows from a “b-” rating to a “c+” rating in a research report on Monday, July 29th. BidaskClub lowered Tucows from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th. ValuEngine lowered Tucows from a “hold” rating to a “sell” rating in a report on Thursday, July 11th. Zacks Investment Research lowered Tucows from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 16th. Finally, Echelon Wealth Partners lowered Tucows from a “buy” rating to a “hold” rating in a report on Thursday, May 9th.
Shares of NASDAQ:TCX traded down $0.99 during midday trading on Monday, hitting $47.21. The company had a trading volume of 59,046 shares, compared to its average volume of 139,587. Tucows has a 12 month low of $45.01 and a 12 month high of $90.21. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 0.93. The company has a market cap of $494.47 million, a PE ratio of 29.69 and a beta of 1.18. The business has a fifty day moving average of $53.82.
Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings results on Wednesday, August 7th. The information services provider reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.05). Tucows had a return on equity of 21.03% and a net margin of 4.92%. The company had revenue of $84.11 million during the quarter, compared to the consensus estimate of $81.00 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, sell-side analysts forecast that Tucows will post 1.5 earnings per share for the current fiscal year.
In other Tucows news, EVP David John Woroch sold 6,000 shares of Tucows stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $60.68, for a total transaction of $364,080.00. Following the transaction, the executive vice president now directly owns 52,872 shares in the company, valued at $3,208,272.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Elliot Noss sold 1,500 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $49.13, for a total value of $73,695.00. Following the completion of the sale, the chief executive officer now owns 554,135 shares in the company, valued at $27,224,652.55. The disclosure for this sale can be found here. Insiders own 13.50% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Legal & General Group Plc lifted its holdings in shares of Tucows by 17.5% in the fourth quarter. Legal & General Group Plc now owns 1,794 shares of the information services provider’s stock valued at $108,000 after purchasing an additional 267 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Tucows by 2.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 19,742 shares of the information services provider’s stock valued at $1,205,000 after acquiring an additional 406 shares during the last quarter. CLARET ASSET MANAGEMENT Corp increased its position in shares of Tucows by 9.7% in the first quarter. CLARET ASSET MANAGEMENT Corp now owns 5,721 shares of the information services provider’s stock valued at $458,000 after acquiring an additional 504 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Tucows by 3.8% in the fourth quarter. Bank of New York Mellon Corp now owns 28,760 shares of the information services provider’s stock valued at $1,727,000 after acquiring an additional 1,065 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Tucows by 17.8% in the second 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 acquiring an additional 1,200 shares during the last quarter. Institutional investors own 59.63% of the company’s stock.
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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