Zacks: Tucows Inc. (NASDAQ:TCX) Receives Consensus Recommendation of “Hold” from Analysts

Tucows Inc. (NASDAQ:TCX) has earned an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating. Tucows’ rating score has declined by 100% from three months ago as a result of various analysts’ ratings changes.

Brokers have set a one year consensus price objective of $30.50 for the company and are predicting that the company will post $0.38 EPS for the current quarter, according to Zacks. Zacks has also assigned Tucows an industry rank of 58 out of 265 based on the ratings given to its competitors.

A number of research analysts recently issued reports on TCX shares. Cantor Fitzgerald restated a “buy” rating and set a $36.00 price objective on shares of Tucows in a research report on Friday, August 26th. Zacks Investment Research lowered Tucows from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 11th.

In other news, Director Erez Gissin sold 10,000 shares of the business’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $27.25, for a total value of $272,500.00. Following the sale, the director now owns 7,300 shares of the company’s stock, valued at approximately $198,925. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rawleigh Hazen Iv Ralls sold 50,000 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $27.46, for a total value of $1,373,000.00. Following the completion of the sale, the director now directly owns 281,575 shares in the company, valued at approximately $7,732,049.50. The disclosure for this sale can be found here. Company insiders own 17.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of TCX. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV purchased a new stake in Tucows during the second quarter worth approximately $463,000. Royal Bank of Canada increased its stake in Tucows by 82.9% in the second quarter. Royal Bank of Canada now owns 12,647 shares of the company’s stock worth $308,000 after buying an additional 5,732 shares in the last quarter. Finally, Van Berkom & Associates Inc. purchased a new stake in Tucows during the second quarter worth approximately $142,000. 19.97% of the stock is currently owned by institutional investors.

Tucows (NASDAQ:TCX) opened at 32.00 on Wednesday. The stock has a market cap of $333.57 million, a PE ratio of 23.76 and a beta of 0.95. Tucows has a 52-week low of $17.67 and a 52-week high of $33.94. The firm has a 50-day moving average price of $28.17 and a 200 day moving average price of $25.63.

Tucows (NASDAQ:TCX) last released its quarterly earnings data on Monday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. Tucows had a return on equity of 52.28% and a net margin of 8.08%. The business earned $47.50 million during the quarter, compared to analyst estimates of $48.90 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. Equities analysts anticipate that Tucows will post $1.42 earnings per share for the current year.

About Tucows

Tucows Inc is engaged in providing Internet services. The Company’s segments include Domain Services and Network Access Services. The Domain Services segment has over three service offerings, being wholesale and retail domain name registration services, value added services and portfolio. The Network Access Services segment includes mobile services and other services.

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