Tucows Inc. (NASDAQ:TCX) (TSE:TC) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Brokerages have set a 1 year consensus price target of $46.80 for the company, according to Zacks. Zacks has also assigned Tucows an industry rank of 49 out of 265 based on the ratings given to its competitors.
TCX has been the subject of a number of analyst reports. BidaskClub raised shares of Tucows from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. Zacks Investment Research raised shares of Tucows from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. acquired a new stake in Tucows in the 2nd quarter worth about $2,716,000. SG Americas Securities LLC acquired a new stake in Tucows in the 3rd quarter worth about $241,000. TD Asset Management Inc. raised its stake in Tucows by 41.1% in the 3rd quarter. TD Asset Management Inc. now owns 7,899 shares of the information services provider’s stock worth $462,000 after purchasing an additional 2,300 shares in the last quarter. Virginia Retirement Systems ET AL raised its stake in Tucows by 116.2% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 24,000 shares of the information services provider’s stock worth $1,405,000 after purchasing an additional 12,900 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Tucows by 30.0% in the 3rd quarter. Wells Fargo & Company MN now owns 41,349 shares of the information services provider’s stock worth $2,420,000 after purchasing an additional 9,536 shares in the last quarter. Institutional investors own 52.67% of the company’s stock.
Tucows stock opened at $57.15 on Wednesday. The firm has a market capitalization of $605.16, a P/E ratio of 34.85 and a beta of 0.68. Tucows has a 1-year low of $49.70 and a 1-year high of $71.75. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.97.
Tucows (NASDAQ:TCX) (TSE:TC) last released its earnings results on Wednesday, February 14th. The information services provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.25). The business had revenue of $90.60 million during the quarter, compared to the consensus estimate of $90.80 million. Tucows had a net margin of 6.78% and a return on equity of 36.43%. The firm’s revenue for the quarter was up 85.7% on a year-over-year basis. During the same period last year, the business posted $0.26 EPS. research analysts anticipate that Tucows will post 2.46 earnings per share for the current year.
Tucows declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 14th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the information services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
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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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