Tucows (NASDAQ:TCX) Downgraded by TheStreet to “D”

Tucows (NASDAQ:TCX – Get Rating) (TSE:TC) was downgraded by analysts at TheStreet from a “c-” rating to a “d” rating in a research report issued to clients and investors on Thursday, TheStreetRatingsTable reports.

Separately, StockNews.com began coverage on Tucows in a report on Thursday, March 31st. They issued a “hold” rating on the stock.

Shares of NASDAQ:TCX opened at $48.99 on Thursday. The business’s 50 day simple moving average is $59.49 and its two-hundred day simple moving average is $71.95. The firm has a market cap of $527.38 million, a P/E ratio of -306.17 and a beta of 0.75. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.82 and a current ratio of 0.84. Tucows has a 52-week low of $42.47 and a 52-week high of $92.93.

A number of institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its holdings in Tucows by 32.3% during the first quarter. Goldman Sachs Group Inc. now owns 76,975 shares of the information services provider’s stock worth $5,257,000 after acquiring an additional 18,785 shares during the period. State Street Corp lifted its holdings in Tucows by 4.5% during the first quarter. State Street Corp now owns 197,000 shares of the information services provider’s stock worth $13,455,000 after acquiring an additional 8,455 shares during the period. Invesco Ltd. increased its position in Tucows by 13.3% in the first quarter. Invesco Ltd. now owns 10,342 shares of the information services provider’s stock worth $706,000 after buying an additional 1,213 shares during the last quarter. Renaissance Technologies LLC increased its position in Tucows by 6.8% in the first quarter. Renaissance Technologies LLC now owns 365,851 shares of the information services provider’s stock worth $24,980,000 after buying an additional 23,340 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Tucows by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 69,269 shares of the information services provider’s stock worth $4,732,000 after buying an additional 2,152 shares during the last quarter. Institutional investors and hedge funds own 67.12% of the company’s stock.

Tucows Company Profile (Get Rating)

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Europe. It operates through three segments: Fiber Internet Services, Mobile Services, and Domain Services. The Fiber Internet Services segment provides fixed high-speed Internet access services to individuals and small businesses primarily through the Ting website, and other billing solutions to small internet service providers.

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