Shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus target price of $76.00 for the company and are anticipating that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also given Tucows an industry rank of 171 out of 256 based on the ratings given to related companies.
A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Yatra Online from a “hold” rating to a “sell” rating in a research note on Saturday, July 6th. ValuEngine upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday. Echelon Wealth Partners upgraded shares of Nanotech Security from a “hold” rating to a “speculative buy” rating in a research report on Thursday, May 9th. Finally, BidaskClub downgraded shares of Waterstone Financial from a “hold” rating to a “sell” rating in a research report on Friday, June 21st.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its holdings in shares of Tucows by 17.5% in the 4th quarter. Legal & General Group Plc now owns 1,794 shares of the information services provider’s stock worth $108,000 after purchasing an additional 267 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Tucows by 49,575.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,987 shares of the information services provider’s stock worth $161,000 after purchasing an additional 1,983 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of Tucows by 356.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,115 shares of the information services provider’s stock worth $187,000 after purchasing an additional 2,433 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Tucows by 114.4% in the 4th quarter. Bank of America Corp DE now owns 5,334 shares of the information services provider’s stock worth $320,000 after purchasing an additional 2,846 shares in the last quarter. Finally, CLARET ASSET MANAGEMENT Corp raised its holdings in shares of Tucows by 9.7% in the 1st quarter. CLARET ASSET MANAGEMENT Corp now owns 5,721 shares of the information services provider’s stock worth $458,000 after purchasing an additional 504 shares in the last quarter. Institutional investors and hedge funds own 58.79% of the company’s stock.
NASDAQ TCX traded down $0.60 during mid-day trading on Friday, reaching $50.60. 362,122 shares of the stock were exchanged, compared to its average volume of 136,529. Tucows has a 1-year low of $49.00 and a 1-year high of $90.21. The firm’s fifty day simple moving average is $60.32. The firm has a market capitalization of $545.53 million, a PE ratio of 31.82 and a beta of 1.09. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.76 and a quick ratio of 0.74.
Tucows (NASDAQ:TCX) (TSE:TC) last announced its quarterly earnings results on Wednesday, May 8th. The information services provider reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). Tucows had a net margin of 4.92% and a return on equity of 21.03%. The company had revenue of $78.95 million during the quarter, compared to analyst estimates of $83.00 million. During the same quarter last year, the business earned $0.35 EPS. The firm’s revenue for the quarter was down 17.6% compared to the same quarter last year. On average, analysts forecast that Tucows will post 1.94 EPS for the current fiscal year.
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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