Shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) have received a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Brokers have set a 1 year consensus price target of $46.80 for the company, according to Zacks. Zacks has also assigned Tucows an industry rank of 138 out of 265 based on the ratings given to its competitors.
TCX has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Tucows from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. BidaskClub cut shares of Tucows from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 11th.
Several hedge funds and other institutional investors have recently bought and sold shares of TCX. Nationwide Fund Advisors purchased a new stake in Tucows in the second quarter worth about $270,000. New York State Common Retirement Fund purchased a new stake in Tucows in the second quarter worth about $519,000. Northern Trust Corp lifted its stake in Tucows by 711.0% in the second quarter. Northern Trust Corp now owns 98,623 shares of the information services provider’s stock worth $5,276,000 after acquiring an additional 86,462 shares during the period. Vanguard Group Inc. purchased a new stake in Tucows in the second quarter worth about $2,716,000. Finally, Voya Investment Management LLC purchased a new stake in Tucows in the second quarter worth about $223,000. Hedge funds and other institutional investors own 52.79% of the company’s stock.
Tucows (NASDAQ TCX) opened at $59.05 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.82 and a current ratio of 0.86. Tucows has a 1 year low of $46.25 and a 1 year high of $71.75. The firm has a market cap of $624.60, a price-to-earnings ratio of 51.80 and a beta of 0.63.
Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings data on Wednesday, February 14th. The information services provider reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.25). Tucows had a net margin of 6.78% and a return on equity of 36.43%. The firm had revenue of $90.60 million for the quarter, compared to the consensus estimate of $90.80 million. During the same quarter last year, the firm earned $0.26 EPS. The company’s revenue was up 85.7% on a year-over-year basis. equities research analysts expect that Tucows will post 2.46 EPS for the current fiscal year.
Tucows declared that its board has approved a share buyback program on Wednesday, February 14th that authorizes the company to repurchase $40.00 million in outstanding shares. This repurchase authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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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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