Tucows (NASDAQ:TCX) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Tucows (NASDAQ:TCX) (TSE:TC) from a hold rating to a sell rating in a research report sent to investors on Saturday 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. “

Several other research analysts have also commented on TCX. TheStreet lowered Tucows from a b- rating to a c+ rating in a research report on Monday, July 29th. BidaskClub upgraded Tucows from a hold rating to a buy rating in a research report on Wednesday, September 11th. Finally, ValuEngine upgraded Tucows from a strong sell rating to a sell rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $100.00.

Shares of TCX opened at $59.98 on Friday. The firm has a market cap of $596.84 million, a price-to-earnings ratio of 37.72 and a beta of 1.17. The stock has a 50 day moving average of $55.21 and a 200-day moving average of $58.06. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.26. Tucows has a 52 week low of $45.01 and a 52 week high of $90.21.

In other news, CEO Elliot Noss sold 1,500 shares of Tucows stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $51.24, for a total value of $76,860.00. Following the completion of the transaction, the chief executive officer now owns 551,260 shares in the company, valued at approximately $28,246,562.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 13.50% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can lifted its holdings in shares of Tucows by 840.4% in the 2nd quarter. Bank of Montreal Can now owns 2,097 shares of the information services provider’s stock worth $128,000 after purchasing an additional 1,874 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Tucows by 24.6% in the 2nd quarter. Royal Bank of Canada now owns 4,081 shares of the information services provider’s stock worth $249,000 after purchasing an additional 806 shares during the last quarter. CLARET ASSET MANAGEMENT Corp lifted its holdings in shares of Tucows by 7.8% in the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 6,432 shares of the information services provider’s stock worth $348,000 after purchasing an additional 463 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Tucows by 156.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,961 shares of the information services provider’s stock worth $354,000 after purchasing an additional 3,640 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Tucows by 17.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 7,949 shares of the information services provider’s stock worth $485,000 after purchasing an additional 1,200 shares during the last quarter. 63.82% of the stock is currently owned by institutional investors and hedge funds.

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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