Tucows Inc. (NASDAQ:TCX) (TSE:TC) has received an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Brokers have set a 1-year consensus price objective of $46.80 for the company, according to Zacks. Zacks has also assigned Tucows an industry rank of 160 out of 265 based on the ratings given to its competitors.
Several research analysts have weighed in on the stock. BidaskClub upgraded shares of Tucows from a “buy” rating to a “strong-buy” rating in a report on Friday, February 16th. Zacks Investment Research upgraded shares of Tucows from a “sell” rating to a “hold” rating in a report on Thursday, February 15th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV raised its holdings in shares of Tucows by 1.1% in the fourth quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 904,292 shares of the information services provider’s stock valued at $63,346,000 after purchasing an additional 10,000 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Tucows by 1.5% in the fourth quarter. BlackRock Inc. now owns 434,658 shares of the information services provider’s stock valued at $30,446,000 after purchasing an additional 6,312 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Tucows by 61.4% in the fourth quarter. Deutsche Bank AG now owns 28,251 shares of the information services provider’s stock valued at $1,976,000 after purchasing an additional 10,752 shares during the last quarter. First Allied Advisory Services Inc. raised its holdings in shares of Tucows by 22.2% in the fourth quarter. First Allied Advisory Services Inc. now owns 30,235 shares of the information services provider’s stock valued at $2,123,000 after purchasing an additional 5,500 shares during the last quarter. Finally, CLS Investments LLC raised its holdings in shares of Tucows by 50.8% in the fourth quarter. CLS Investments LLC now owns 407,000 shares of the information services provider’s stock valued at $28,510,000 after purchasing an additional 137,151 shares during the last quarter. Hedge funds and other institutional investors own 55.34% of the company’s stock.
NASDAQ TCX traded down $0.10 on Friday, hitting $62.15. The company’s stock had a trading volume of 39,115 shares, compared to its average volume of 78,210. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.82 and a current ratio of 0.84. Tucows has a 1-year low of $49.70 and a 1-year high of $71.75. The stock has a market cap of $659.52 million, a P/E ratio of 40.89 and a beta of 0.63.
Tucows (NASDAQ:TCX) (TSE:TC) last issued its earnings results on Wednesday, May 9th. The information services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.23). Tucows had a return on equity of 32.49% and a net margin of 6.64%. The company had revenue of $95.80 million for the quarter, compared to the consensus estimate of $89.00 million. During the same period in the prior year, the company earned $0.23 earnings per share. The firm’s revenue was up 37.6% compared to the same quarter last year. analysts predict that Tucows will post 2.46 earnings per share for the current fiscal year.
Tucows declared that its board has authorized a stock buyback program on Wednesday, February 14th that allows the company to buyback $40.00 million in outstanding shares. This buyback authorization allows the information services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Germany. It operates in two segments, Network Access Services and Domain Services. The Network Access Services segment offers mobile and fixed high-speed Internet access services, and Internet hosting and network consulting services.
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