Tucows (TCX) Raised to Strong-Buy at BidaskClub

Tucows (NASDAQ:TCX) (TSE:TC) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

Separately, Zacks Investment Research downgraded shares of Tucows from a “hold” rating to a “sell” rating in a research report on Saturday, November 18th.

Shares of Tucows (TCX) opened at $65.40 on Wednesday. Tucows has a 12 month low of $34.45 and a 12 month high of $65.85. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.30. The company has a market cap of $678.02, a P/E ratio of 45.46 and a beta of 1.33.

In other news, VP Jody Stocks sold 500 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $63.89, for a total transaction of $31,945.00. Following the completion of the sale, the vice president now owns 3,324 shares of the company’s stock, valued at $212,370.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Allen Karp sold 3,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $63.31, for a total transaction of $189,930.00. The disclosure for this sale can be found here. Insiders have sold 41,709 shares of company stock valued at $2,372,060 in the last three months. 13.20% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank bought a new position in Tucows in the second quarter valued at $701,000. Bank of New York Mellon Corp grew its position in Tucows by 310.7% in the second quarter. Bank of New York Mellon Corp now owns 451,975 shares of the information services provider’s stock valued at $24,181,000 after purchasing an additional 341,913 shares in the last quarter. Schwab Charles Investment Management Inc. bought a new position in Tucows in the second quarter valued at $803,000. Nationwide Fund Advisors bought a new position in Tucows in the second quarter valued at $270,000. Finally, California State Teachers Retirement System bought a new position in Tucows in the second quarter valued at $856,000. 54.61% of the stock is owned by institutional investors and hedge funds.

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About Tucows

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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