Tucows (TCX) Upgraded by BidaskClub to Strong-Buy

BidaskClub upgraded shares of Tucows (NASDAQ:TCX) (TSE:TC) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday, December 20th.

Separately, Zacks Investment Research lowered shares of Tucows from a hold rating to a sell rating in a research note on Saturday, November 18th.

Shares of Tucows (NASDAQ:TCX) traded up $2.30 on Wednesday, hitting $55.10. 227,800 shares of the stock were exchanged, compared to its average volume of 171,813. The company has a market cap of $558.49, a price-to-earnings ratio of 42.38 and a beta of 1.33. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.82. Tucows has a 52-week low of $36.00 and a 52-week high of $71.75.

In related news, Director Rawleigh Hazen Iv Ralls sold 6,772 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $64.09, for a total transaction of $434,017.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Allen Karp sold 3,000 shares of the business’s stock in a transaction dated 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 a total of 13,835 shares of company stock worth $877,867 in the last ninety days. Insiders own 13.20% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Swiss National Bank bought a new stake in Tucows during the second quarter worth about $701,000. Bank of New York Mellon Corp boosted its stake in Tucows by 310.7% during the second quarter. Bank of New York Mellon Corp now owns 451,975 shares of the information services provider’s stock worth $24,181,000 after acquiring an additional 341,913 shares in the last quarter. Vanguard Group Inc. bought a new stake in Tucows during the second quarter worth about $2,716,000. Schwab Charles Investment Management Inc. bought a new stake in Tucows during the second quarter worth about $803,000. Finally, Nationwide Fund Advisors bought a new stake in Tucows during the second quarter worth about $270,000. 54.61% of the stock is currently owned by institutional investors and hedge funds.

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Tucows Company Profile

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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