Tucows (NASDAQ:TCX) Cut to “Sell” at ValuEngine

ValuEngine downgraded shares of Tucows (NASDAQ:TCX) (TSE:TC) from a hold rating to a sell rating in a report issued on Thursday, ValuEngine reports.

Other equities analysts also recently issued reports about the stock. BidaskClub downgraded shares of Waterstone Financial from a hold rating to a sell rating in a report on Friday, June 21st. Zacks Investment Research downgraded shares of Yatra Online from a hold rating to a sell rating in a report on Saturday, July 6th. Finally, Echelon Wealth Partners raised shares of Nanotech Security from a hold rating to a speculative buy rating in a report on Thursday, May 9th.

NASDAQ TCX opened at $50.60 on Thursday. The company has a fifty day simple moving average of $60.32. Tucows has a 12-month low of $49.00 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 firm has a market cap of $539.14 million, a P/E ratio of 33.73 and a beta of 1.09.



Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings results on Wednesday, May 8th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $78.95 million during the quarter, compared to analyst estimates of $83.00 million. During the same period in the previous year, the business posted $0.35 EPS. The business’s revenue for the quarter was down 17.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tucows will post 1.5 EPS for the current fiscal year.

In related news, EVP David John Woroch sold 6,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $60.68, for a total value of $364,080.00. Following the sale, the executive vice president now directly owns 52,872 shares in the company, valued at approximately $3,208,272.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.80% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. FMR LLC increased its position in shares of Tucows by 64,185.7% during the fourth quarter. FMR LLC now owns 450,000 shares of the information services provider’s stock valued at $27,027,000 after buying an additional 449,300 shares during the period. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV increased its position in shares of Tucows by 6.6% during the second quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 1,256,776 shares of the information services provider’s stock valued at $76,687,000 after buying an additional 77,483 shares during the period. Manitou Investment Management Ltd. increased its position in shares of Tucows by 388.0% during the first quarter. Manitou Investment Management Ltd. now owns 67,194 shares of the information services provider’s stock valued at $5,450,000 after buying an additional 53,424 shares during the period. EAM Global Investors LLC bought a new stake in shares of Tucows during the first quarter valued at about $3,877,000. Finally, Martingale Asset Management L P increased its position in shares of Tucows by 39.5% during the first quarter. Martingale Asset Management L P now owns 48,004 shares of the information services provider’s stock valued at $3,898,000 after buying an additional 13,600 shares during the period. Institutional investors and hedge funds own 58.79% of the company’s stock.

About Tucows

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.

Featured Story: Net Margin

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Tucows Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tucows and related companies with MarketBeat.com's FREE daily email newsletter.