Tucows (TCX) Lifted to Strong-Buy at BidaskClub

Tucows (NASDAQ:TCX) (TSE:TC) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Friday, February 16th.

Separately, Zacks Investment Research downgraded Tucows from a “hold” rating to a “sell” rating in a research report on Saturday, November 18th.

Shares of Tucows (TCX) traded down $0.25 during midday trading on Friday, hitting $59.20. The stock had a trading volume of 84,537 shares, compared to its average volume of 139,598. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.85 and a current ratio of 0.86. The firm has a market capitalization of $631.10, a P/E ratio of 28.46 and a beta of 0.63. Tucows has a fifty-two week low of $47.15 and a fifty-two week high of $71.75.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly earnings data on Wednesday, February 14th. The information services provider reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.25). The business had revenue of $90.60 million for the quarter, compared to analyst estimates of $90.80 million. Tucows had a return on equity of 36.43% and a net margin of 6.78%. The business’s quarterly revenue was up 85.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 earnings per share.

Tucows declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 14th that allows the company to buyback $40.00 million in shares. This buyback authorization allows the information services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

In other Tucows news, Director Rawleigh Hazen Iv Ralls sold 6,772 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $64.09, for a total value of $434,017.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jody Stocks sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $63.89, for a total value of $31,945.00. Following the completion of the sale, the vice president now owns 3,324 shares of the company’s stock, valued at $212,370.36. The disclosure for this sale can be found here. Insiders own 13.20% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV lifted its position in 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 worth $63,346,000 after purchasing an additional 10,000 shares during the period. Van Berkom & Associates Inc. increased its holdings in shares of Tucows by 102.3% in the third quarter. Van Berkom & Associates Inc. now owns 633,892 shares of the information services provider’s stock valued at $37,084,000 after buying an additional 320,620 shares in the last quarter. Pembroke Management LTD bought a new position in shares of Tucows in the third quarter valued at $32,284,000. BlackRock Inc. increased 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 buying an additional 6,312 shares in the last quarter. Finally, CLS Investments LLC increased 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 buying an additional 137,151 shares in the last quarter. Hedge funds and other institutional investors own 52.79% of the company’s stock.

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About Tucows

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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