Tucows Inc. (TCX) Given Consensus Recommendation of "Hold" by Analysts

Paterniano Del Favero
Agosto 13, 2017

According to Zacks, "Tucows Inc.is a pioneering provider of personalized information agents and Web sites". Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable.

Many analysts and investors agree that Shopify's astronomical stock price appreciation has resulted in this company being priced at valuation multiples reserved for only a select handful of companies. Tucows has a 52-week low of $26.42 and a 52-week high of $63.20. The stock has a market capitalization of $579.83 million, a price-to-earnings ratio of 38.72 and a beta of 1.36.

Tucows (NASDAQ TCX) opened at 54.95 on Friday. The information services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.47 by $0.13. Tucows had a net margin of 6.06% and a return on equity of 41.65%. The company had revenue of $69.60 million for the quarter, compared to analysts' expectations of $84.05 million. During the same quarter previous year, the company earned $0.42 earnings per share. The business's quarterly revenue was up 55.7% on a year-over-year basis. Analysts anticipate that Tucows will post $2.20 EPS for the current fiscal year.

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in the United States, Canada, and Germany.

Separately, Zacks Investment Research upgraded Tucows from a "sell" rating to a "hold" rating in a report on Wednesday, April 12th. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & global trademark and copyright legislation. The correct version of this report can be read at https://sportsperspectives.com/2017/08/11/tucows-inc-nasdaqtcx-stock-rating-upgraded-by-bidaskclub-updated-updated-updated.html. The shares were sold at an average price of $60.00, for a total transaction of $74,160.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Michael Goldstein sold 4,163 shares of the business's stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $59.11, for a total transaction of $3,182,600.62. The disclosure for this sale can be found here. Insiders sold a total of 175,825 shares of company stock worth $10,192,803 in the last ninety days. Corporate insiders own 13.20% of the company's stock. Following the completion of the sale, the chief financial officer now owns 1,764 shares of the company's stock, valued at approximately $105,840. Goldman Sachs Group Inc. raised its stake in Tucows by 15.1% in the first quarter. Goldman Sachs Group Inc. now owns 13,816 shares of the information services provider's stock valued at $705,000 after buying an additional 1,816 shares in the last quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV increased its stake in Tucows by 6.6% in the second quarter. Accern also gave news stories about the information services provider an impact score of 75 out of 100, indicating that recent news coverage is likely to have an impact on the stock's share price in the near term. Finally, Spark Investment Management LLC acquired a new stake in Tucows during the first quarter valued at approximately $423,000.

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