Zacks Investment Research downgraded shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) from a hold rating to a sell rating in a research note published on Saturday.
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. “
Separately, BidaskClub lowered shares of Tucows from a buy rating to a hold rating in a research report on Friday, October 13th.
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In other Tucows news, Director Rawleigh Hazen Iv Ralls sold 20,697 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $53.62, for a total transaction of $1,109,773.14. Following the completion of the transaction, the director now directly owns 17,649 shares of the company’s stock, valued at approximately $946,339.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 37,694 shares of company stock valued at $2,020,250 over the last three months. 13.20% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Legal & General Group Plc purchased a new position in shares of Tucows during the 2nd quarter valued at approximately $129,000. Strs Ohio purchased a new position in shares of Tucows during the 2nd quarter valued at approximately $139,000. Advisor Group Inc. increased its holdings in shares of Tucows by 59.9% during the 3rd quarter. Advisor Group Inc. now owns 2,783 shares of the information services provider’s stock valued at $163,000 after purchasing an additional 1,043 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Tucows by 8.2% during the 2nd quarter. Royal Bank of Canada now owns 3,571 shares of the information services provider’s stock valued at $191,000 after purchasing an additional 271 shares in the last quarter. Finally, Voya Investment Management LLC purchased a new position in shares of Tucows during the 2nd quarter valued at approximately $223,000. 45.75% of the stock is owned by hedge funds and other institutional investors.
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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