StockNews.com Lowers Tucows (NASDAQ:TCX) to Sell

Tucows (NASDAQ:TCXGet Rating) (TSE:TC) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

Tucows Stock Performance

Tucows stock opened at $33.65 on Monday. The business’s 50-day simple moving average is $42.10 and its 200-day simple moving average is $46.05. The firm has a market capitalization of $362.41 million, a PE ratio of -22.58 and a beta of 0.88. Tucows has a 52 week low of $30.05 and a 52 week high of $91.82.

Tucows (NASDAQ:TCXGet Rating) (TSE:TC) last posted its quarterly earnings data on Tuesday, August 9th. The information services provider reported ($0.29) EPS for the quarter. The business had revenue of $83.08 million during the quarter. Tucows had a negative return on equity of 14.05% and a negative net margin of 4.96%.

Institutional Investors Weigh In On Tucows

Institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE acquired a new stake in Tucows during the second quarter valued at approximately $27,000. Amalgamated Bank acquired a new stake in Tucows during the first quarter valued at approximately $108,000. BNP Paribas Arbitrage SA boosted its holdings in Tucows by 158.0% during the second quarter. BNP Paribas Arbitrage SA now owns 2,565 shares of the information services provider’s stock valued at $114,000 after purchasing an additional 1,571 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Tucows during the third quarter valued at approximately $118,000. Finally, Legal & General Group Plc boosted its holdings in Tucows by 10.1% during the second quarter. Legal & General Group Plc now owns 3,512 shares of the information services provider’s stock valued at $156,000 after purchasing an additional 323 shares in the last quarter. 73.10% of the stock is owned by institutional investors and hedge funds.

About Tucows

(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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