Zacks Investment Research Lowers Tucows (NASDAQ:TCX) to Strong Sell

Zacks Investment Research cut shares of Tucows (NASDAQ:TCX) (TSE:TC) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “Tucows Inc. is a pioneering provider of personalized information agents and Web sites. They deliver information over the Internet and other communications mediums such as email. Their sites provide users with relevant information they cannot conveniently locate in any one place elsewhere on the Internet. “

Other research analysts have also issued reports about the stock. Echelon Wealth Partners upgraded shares of Nanotech Security from a hold rating to a speculative buy rating in a research note on Thursday, May 9th. BidaskClub lowered shares of Zebra Technologies from a buy rating to a hold rating in a research note on Tuesday. Finally, ValuEngine upgraded shares of Zillow Group from a hold rating to a buy rating in a research note on Thursday, July 11th.



NASDAQ:TCX opened at $50.82 on Tuesday. The stock has a 50-day moving average of $58.74. Tucows has a 12 month low of $48.43 and a 12 month high of $90.21. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.74 and a current ratio of 0.76. The stock has a market cap of $542.51 million, a PE ratio of 31.96 and a beta of 1.09.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly earnings results on Wednesday, May 8th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). The business had revenue of $78.95 million during the quarter, compared to the consensus estimate of $83.00 million. Tucows had a return on equity of 21.03% and a net margin of 4.92%. The firm’s revenue was down 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. On average, equities research analysts expect that Tucows will post 1.5 earnings per share for the current fiscal year.

In other Tucows news, CEO Elliot Noss sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $49.13, for a total transaction of $73,695.00. Following the completion of the sale, the chief executive officer now directly owns 554,135 shares in the company, valued at approximately $27,224,652.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David John Woroch sold 6,000 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $60.68, for a total transaction of $364,080.00. Following the sale, the executive vice president now owns 52,872 shares of the company’s stock, valued at $3,208,272.96. The disclosure for this sale can be found here. 11.80% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co. NY increased its stake in Tucows by 356.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,115 shares of the information services provider’s stock valued at $187,000 after purchasing an additional 2,433 shares in the last quarter. Squarepoint Ops LLC increased its stake in Tucows by 53.2% during the 4th quarter. Squarepoint Ops LLC now owns 9,508 shares of the information services provider’s stock valued at $571,000 after purchasing an additional 3,303 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Tucows by 3.8% during the 4th 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 purchasing an additional 1,065 shares in the last quarter. FMR LLC increased its stake in Tucows by 64,185.7% during the 4th quarter. FMR LLC now owns 450,000 shares of the information services provider’s stock valued at $27,027,000 after purchasing an additional 449,300 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Tucows by 17.5% during the 4th 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. Institutional investors and hedge funds own 58.77% 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.

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