Tucows (TCX) Lowered to “Buy” at BidaskClub

Tucows (NASDAQ:TCX) (TSE:TC) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday.

Separately, Zacks Investment Research lowered shares of Tucows from a “hold” rating to a “sell” rating in a research report on Saturday, November 18th.

Tucows (NASDAQ:TCX) opened at $54.35 on Thursday. The company has a market cap of $574.89, a PE ratio of 41.81 and a beta of 1.33. Tucows has a 12-month low of $36.00 and a 12-month high of $71.75. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.82.

In other news, VP Jody Stocks sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $63.89, for a total transaction of $31,945.00. Following the transaction, the vice president now directly owns 3,324 shares in the company, valued at $212,370.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rawleigh Hazen Iv Ralls sold 6,772 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $64.09, for a total transaction of $434,017.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,835 shares of company stock worth $877,867. Company insiders own 13.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in TCX. Legal & General Group Plc acquired a new position in shares of Tucows during the second quarter worth approximately $129,000. Advisor Group Inc. lifted its position in shares of Tucows by 59.9% during the third quarter. Advisor Group Inc. now owns 2,783 shares of the information services provider’s stock worth $163,000 after purchasing an additional 1,043 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Tucows by 8.2% during the second quarter. Royal Bank of Canada now owns 3,571 shares of the information services provider’s stock worth $191,000 after purchasing an additional 271 shares in the last quarter. Voya Investment Management LLC acquired a new position in shares of Tucows during the second quarter worth approximately $223,000. Finally, SG Americas Securities LLC acquired a new position in shares of Tucows during the third quarter worth approximately $241,000. Institutional investors own 54.61% of the company’s stock.

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About Tucows

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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