Tucows Inc. (NASDAQ:TCX) (TSE:TC) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Analysts have set a one year consensus price target of $45.80 for the company and are forecasting that the company will post $0.54 EPS for the current quarter, according to Zacks. Zacks has also given Tucows an industry rank of 183 out of 265 based on the ratings given to its competitors.
Several brokerages have recently issued reports on TCX. BidaskClub cut Tucows from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Zacks Investment Research cut Tucows from a “hold” rating to a “sell” rating in a report on Friday, August 11th.
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Shares of Tucows (NASDAQ:TCX) traded up $1.30 during mid-day trading on Thursday, hitting $58.90. The stock had a trading volume of 83,600 shares, compared to its average volume of 95,183. Tucows has a 1 year low of $30.75 and a 1 year high of $63.20. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $609.27, a PE ratio of 40.85 and a beta of 1.29.
In other Tucows news, Director Rawleigh Hazen Iv Ralls sold 20,697 shares of the business’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 sale, the director now directly owns 17,649 shares of the company’s stock, valued at $946,339.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 37,694 shares of company stock worth $2,020,250 over the last ninety days. Insiders own 13.20% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Swiss National Bank bought a new stake in Tucows during the second quarter worth approximately $701,000. Bank of New York Mellon Corp grew its stake in shares of Tucows by 310.7% during the second quarter. Bank of New York Mellon Corp now owns 451,975 shares of the information services provider’s stock valued at $24,181,000 after buying an additional 341,913 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new position in shares of Tucows during the second quarter valued at approximately $803,000. California Public Employees Retirement System grew its stake in shares of Tucows by 6.0% during the second quarter. California Public Employees Retirement System now owns 43,900 shares of the information services provider’s stock valued at $2,349,000 after buying an additional 2,500 shares during the last quarter. Finally, Van Berkom & Associates Inc. grew its stake in shares of Tucows by 241.3% during the second quarter. Van Berkom & Associates Inc. now owns 313,272 shares of the information services provider’s stock valued at $16,773,000 after buying an additional 221,485 shares during the last quarter. 45.75% of the stock is currently owned by institutional investors.
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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