Tucows (NASDAQ:TCX) Raised to Hold at StockNews.com

Tucows (NASDAQ:TCX) (TSE:TC) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Tucows Stock Performance

TCX stock opened at $17.01 on Tuesday. The stock has a market cap of $187.62 million, a P/E ratio of -1.66 and a beta of 0.71. The firm has a 50 day simple moving average of $17.49 and a 200 day simple moving average of $18.19. Tucows has a 52 week low of $14.50 and a 52 week high of $26.48.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings results on Thursday, February 13th. The information services provider reported ($1.43) EPS for the quarter. The company had revenue of $93.10 million for the quarter.

Insider Buying and Selling at Tucows

In other news, CEO Elliot Noss sold 7,760 shares of Tucows stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $17.25, for a total value of $133,860.00. Following the transaction, the chief executive officer now owns 470,198 shares of the company’s stock, valued at $8,110,915.50. This trade represents a 1.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 14,260 shares of company stock worth $240,957 over the last ninety days. 11.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tucows

A number of institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of Tucows by 25.9% in the fourth quarter. Wells Fargo & Company MN now owns 4,213 shares of the information services provider’s stock valued at $72,000 after purchasing an additional 867 shares during the period. Jane Street Group LLC increased its position in Tucows by 7.6% during the third quarter. Jane Street Group LLC now owns 13,646 shares of the information services provider’s stock worth $285,000 after acquiring an additional 966 shares during the period. Northern Trust Corp boosted its stake in Tucows by 1.5% during the fourth quarter. Northern Trust Corp now owns 78,791 shares of the information services provider’s stock worth $1,350,000 after buying an additional 1,181 shares in the last quarter. Barclays PLC boosted its stake in Tucows by 10.9% during the fourth quarter. Barclays PLC now owns 12,625 shares of the information services provider’s stock worth $216,000 after buying an additional 1,240 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Tucows during the fourth quarter worth $32,000. Institutional investors own 73.64% of the company’s stock.

About Tucows

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in North America and Europe. It operates in three segments: Ting, Wavelo and Tucows Domains. The Ting segment provides fiber and fixed wireless internet services. The Wavelo segment offers individual developer tools, subscription, billing management, network orchestration, and provisioning services.