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

StockNews.com upgraded shares of Tucows (NASDAQ:TCX) (TSE:TC) from a sell rating to a hold rating in a research report report published on Monday morning.

Tucows Stock Performance

Shares of TCX opened at $21.42 on Monday. The stock’s fifty day moving average price is $21.26 and its two-hundred day moving average price is $20.09. Tucows has a 1 year low of $15.65 and a 1 year high of $28.66. The firm has a market cap of $234.57 million, a PE ratio of -2.24 and a beta of 0.85. The company has a debt-to-equity ratio of 43.87, a current ratio of 1.03 and a quick ratio of 1.00.

Institutional Trading of Tucows

Institutional investors and hedge funds have recently modified their holdings of the business. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV increased its stake in Tucows by 1.3% in the first quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 2,014,594 shares of the information services provider’s stock valued at $37,391,000 after acquiring an additional 25,000 shares during the last quarter. SG Americas Securities LLC bought a new stake in Tucows in the 4th quarter worth approximately $120,000. Vanguard Group Inc. boosted its stake in Tucows by 0.6% in the first quarter. Vanguard Group Inc. now owns 698,465 shares of the information services provider’s stock worth $12,964,000 after buying an additional 4,234 shares in the last quarter. BNP Paribas Financial Markets grew its position in Tucows by 81.5% during the first quarter. BNP Paribas Financial Markets now owns 5,281 shares of the information services provider’s stock valued at $98,000 after acquiring an additional 2,371 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Tucows by 131.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,963 shares of the information services provider’s stock worth $53,000 after acquiring an additional 1,115 shares in the last quarter. Hedge funds and other institutional investors own 73.64% of the company’s stock.

Tucows Company Profile

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.