Tucows Inc. (NASDAQ:TCX) Upgraded to Buy at BidaskClub

(NASDAQ:TCX) (TSE:TC) from a sell rating to a hold rating in a research note issued to investors on Thursday, July 13th.

Zacks Investment Research upgraded shares of Tucows Inc.

Shares of Tucows (NASDAQ TCX) opened at 54.95 on Friday. The company's 50-day moving average is $55.48 and its 200-day moving average is $53.90. Tucows has a one year low of $33.78 and a one year high of $86.33. The firm has a market capitalization of $739.27 million and a price-to-earnings ratio of 49.37.

Tucows (NASDAQ:TCX) (TSE:TC) last released its quarterly earnings data on Tuesday, May 9th. The information services provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.47 by $0.13. The business had revenue of $69.60 million during the quarter, compared to analyst estimates of $84.05 million. Tucows had a net margin of 6.06% and a return on equity of 43.78%. Tucows's quarterly revenue was up 55.7% on a year-over-year basis.


Separately, Zacks Investment Research upgraded Tucows from a "sell" rating to a "hold" rating in a report on Wednesday, April 12th. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & global copyright & trademark legislation. The correct version of this piece can be accessed at https://transcriptdaily.com/2017/08/11/bidaskclub-upgrades-tucows-inc-nasdaqtcx-to-buy-updated-updated-updated.html.

In related news, Director Allen Karp sold 1,900 shares of Tucows stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $56.79, for a total transaction of $2,981,475.00. Following the completion of the transaction, the chief financial officer now directly owns 1,764 shares in the company, valued at $105,840. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The stock was sold at an average price of C$77.27, for a total value of C$321,675.01. Following the transaction, the director now owns 34,355 shares of the company's stock, valued at $1,951,020.45. The disclosure for this sale can be found here. Insiders have sold a total of 71,725 shares of company stock worth $4,216,234 in the last quarter. Corporate insiders own 13.20% of the company's stock.

Large investors have recently modified their holdings of the company. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV increased its stake in Tucows by 6.6% in the second quarter. Airain ltd now owns 7,593 shares of the information services provider's stock valued at $406,000 after buying an additional 1,945 shares during the period. TD Asset Management Inc. acquired a new stake in Tucows during the first quarter valued at approximately $263,000. Goldman Sachs Group Inc. increased its stake in shares of Tucows by 15.1% in the first 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. Accern also gave media stories about the information services provider an impact score of 44.9014972980141 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

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