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.
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.
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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