Tucows Inc. (TCX) Upgraded by Zacks Investment Research to Hold

Cornelia Mascio
Agosto 13, 2017

BidaskClub raised Tucows from a "hold" rating to a "buy" rating in a report on Sunday, July 16th.

Equities researchers at Cormark reduced their Q3 2017 earnings per share estimates for shares of Tucows in a note issued to investors on Wednesday.

According to Zacks, "Tucows Inc.is a pioneering provider of personalized information agents and Web sites".

Shares of Tucows (NASDAQ:TCX) traded down 2.46% on Thursday, reaching $53.60. The company has a 50 day moving average of $71.13 and a 200 day moving average of $71.26. Tucows has a 52-week low of $33.78 and a 52-week high of $86.33. The firm has a market cap of $565.64 million, a price-to-earnings ratio of 37.77 and a beta of 1.36.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its earnings results 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. Tucows had a net margin of 6.06% and a return on equity of 43.78%. This business has seen impressive year-over-year growth, with revenues increasing by 55% year-over-year as of the first quarter of 2017. During the same quarter in the previous year, the company posted $0.42 EPS. The firm's revenue for the quarter was up 55.7% on a year-over-year basis. Analysts predict that Tucows will post $2.20 earnings per share for the current fiscal year.

TD Asset Management Inc. now owns 5,599 shares of the information services provider's stock valued at $300,000 after buying an additional 445 shares during the period.

"Brokers Set Expectations for Tucows Inc.'s Q3 2017 Earnings (TSE:TC)" was reported by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark legislation.

In other Tucows news, VP Michael Goldstein sold 9,876 shares of the company's stock in a transaction on Friday, May 12th. The stock was sold at an average price of $57.00, for a total transaction of $411,654.00. Also, Director Allen Karp sold 1,900 shares of the company's stock in a transaction on Thursday, June 22nd. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The shares were sold at an average price of $56.79, for a total transaction of $2,981,475.00. The disclosure for this sale can be found here. In the last three months, insiders sold 175,825 shares of company stock valued at $10,192,803. Company insiders own 13.20% of the company's stock. Van Berkom & Associates Inc. increased its stake in Tucows by 241.3% in the second quarter. Following the completion of the transaction, the chief financial officer now directly owns 1,764 shares in the company, valued at $105,840. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV increased its stake in Tucows by 6.6% in the second 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. Finally, Spark Investment Management LLC acquired a new stake in Tucows during the first quarter valued at approximately $423,000.

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