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

StockNews.com upgraded shares of Tucows (NASDAQ:TCXFree Report) (TSE:TC) from a sell rating to a hold rating in a research report released on Tuesday.

Tucows Stock Down 0.3 %

TCX stock opened at $16.62 on Tuesday. The stock has a 50-day simple moving average of $17.48 and a two-hundred day simple moving average of $18.20. Tucows has a twelve month low of $14.50 and a twelve month high of $26.48. The firm has a market capitalization of $183.32 million, a PE ratio of -1.62 and a beta of 0.71.

Tucows (NASDAQ:TCXGet Free Report) (TSE:TC) last posted its 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 during the quarter.

Insiders Place Their Bets

In other Tucows news, CEO Elliot Noss sold 7,760 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $17.25, for a total transaction of $133,860.00. Following the transaction, the chief executive officer now directly owns 470,198 shares in the company, valued at $8,110,915.50. This trade represents a 1.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 14,260 shares of company stock valued at $240,957 in the last quarter. Corporate insiders own 11.60% of the company’s stock.

Hedge Funds Weigh In On Tucows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC boosted its position in Tucows by 307.6% during the 3rd quarter. Barclays PLC now owns 11,385 shares of the information services provider’s stock valued at $238,000 after buying an additional 8,592 shares during the period. Jane Street Group LLC raised its stake in shares of Tucows by 7.6% during the third quarter. Jane Street Group LLC now owns 13,646 shares of the information services provider’s stock valued at $285,000 after acquiring an additional 966 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tucows by 2.8% during the third quarter. Geode Capital Management LLC now owns 200,263 shares of the information services provider’s stock worth $4,185,000 after purchasing an additional 5,503 shares during the period. R Squared Ltd bought a new stake in shares of Tucows in the fourth quarter worth about $32,000. Finally, Millennium Management LLC purchased a new position in Tucows during the 4th quarter valued at about $361,000. 73.64% of the stock is currently owned by institutional investors.

About Tucows

(Get Free Report)

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.

See Also

Receive News & Ratings for Tucows Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tucows and related companies with MarketBeat.com's FREE daily email newsletter.