BidaskClub upgraded shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) from a strong sell rating to a sell rating in a report released on Monday morning.
Separately, Zacks Investment Research upgraded shares of Tucows from a sell rating to a hold rating in a research note on Thursday, July 13th.
Tucows (NASDAQ:TCX) opened at 52.65 on Monday. Tucows has a one year low of $27.25 and a one year high of $63.20. The firm has a market capitalization of $555.62 million, a PE ratio of 37.10 and a beta of 1.40. The stock’s 50 day moving average is $52.93 and its 200-day moving average is $54.88.
In related news, Director Rawleigh Hazen Iv Ralls sold 13,658 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $55.68, for a total transaction of $760,477.44. Following the sale, the director now directly owns 22,548 shares of the company’s stock, valued at approximately $1,255,472.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Allen Karp sold 1,900 shares of the stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $59.92, for a total transaction of $113,848.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,058 shares of company stock valued at $3,855,800. 13.20% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in TCX. Bank of New York Mellon Corp purchased a new stake in Tucows during the 1st quarter valued at about $5,619,000. TD Asset Management Inc. purchased a new stake in Tucows during the 1st quarter valued at about $263,000. Airain ltd purchased a new stake in Tucows during the 1st quarter valued at about $288,000. Spark Investment Management LLC purchased a new stake in Tucows during the 1st quarter valued at about $423,000. Finally, O Shaughnessy Asset Management LLC grew its position in Tucows by 93.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 12,108 shares of the information services provider’s stock valued at $618,000 after purchasing an additional 5,852 shares during the last quarter. 42.93% of the stock is currently 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.
Receive News & Ratings for Tucows Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tucows Inc. and related companies with MarketBeat.com's FREE daily email newsletter.