Tucows (NASDAQ:TCX) Lifted to Hold at StockNews.com

Tucows (NASDAQ:TCXGet Free Report) (TSE:TC) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Tucows Stock Performance

Shares of TCX stock opened at $18.50 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.41 and a debt-to-equity ratio of 14.78. The business has a 50 day moving average of $20.87 and a two-hundred day moving average of $21.25. Tucows has a 52 week low of $15.65 and a 52 week high of $33.44. The company has a market cap of $201.65 million, a P/E ratio of -2.09 and a beta of 0.94.

Tucows (NASDAQ:TCXGet Free Report) (TSE:TC) last issued its quarterly earnings data on Thursday, February 22nd. The information services provider reported ($2.14) earnings per share (EPS) for the quarter. The business had revenue of $86.96 million for the quarter. Tucows had a negative return on equity of 157.83% and a negative net margin of 28.35%.

Institutional Trading of Tucows

Several institutional investors have recently made changes to their positions in the stock. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV raised its position in Tucows by 1.0% during the fourth quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 1,989,594 shares of the information services provider’s stock valued at $53,719,000 after acquiring an additional 20,000 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Tucows by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 694,231 shares of the information services provider’s stock valued at $18,744,000 after purchasing an additional 14,014 shares during the period. BlackRock Inc. raised its position in shares of Tucows by 3.7% in the second quarter. BlackRock Inc. now owns 676,640 shares of the information services provider’s stock valued at $18,770,000 after purchasing an additional 23,931 shares during the period. Renaissance Technologies LLC raised its position in shares of Tucows by 6.8% in the first quarter. Renaissance Technologies LLC now owns 365,851 shares of the information services provider’s stock valued at $24,980,000 after purchasing an additional 23,340 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Tucows by 7.5% in the second quarter. Geode Capital Management LLC now owns 202,487 shares of the information services provider’s stock valued at $5,617,000 after purchasing an additional 14,082 shares during the period. 74.22% of the stock is currently owned by institutional investors and hedge funds.

About Tucows

(Get Free Report)

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Europe. It operates through three segments: Ting, Wavelo and Tucows Domains. The Ting segment provides fiber and fixed wireless internet services. The Wavelo segment offers individual developer tools, subscription, billing management, network orchestration, and provisioning services.

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