Tucows (NASDAQ:TCX) Stock Rating Upgraded by StockNews.com

Tucows (NASDAQ:TCX) (TSE:TC) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Tucows Stock Up 2.3 %

TCX stock opened at $17.01 on Tuesday. Tucows has a fifty-two week low of $14.50 and a fifty-two week high of $26.48. The firm’s 50-day simple moving average is $17.49 and its 200 day simple moving average is $18.19. The stock has a market cap of $187.62 million, a PE ratio of -1.66 and a beta of 0.71.

Tucows (NASDAQ:TCX) (TSE:TC) last released its earnings results on Thursday, February 13th. The information services provider reported ($1.43) EPS for the quarter. The business had revenue of $93.10 million for the quarter.

Insider Buying and Selling at Tucows

In other news, CEO Elliot Noss sold 7,760 shares of Tucows stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $17.25, for a total value of $133,860.00. Following the transaction, the chief executive officer now owns 470,198 shares of the company’s stock, valued at $8,110,915.50. The trade was a 1.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 14,260 shares of company stock valued at $240,957. Company insiders own 11.60% of the company’s stock.

Hedge Funds Weigh In On Tucows

Several hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN grew its stake in shares of Tucows by 25.9% in the 4th quarter. Wells Fargo & Company MN now owns 4,213 shares of the information services provider’s stock worth $72,000 after purchasing an additional 867 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Tucows by 7.6% in the third quarter. Jane Street Group LLC now owns 13,646 shares of the information services provider’s stock worth $285,000 after buying an additional 966 shares during the period. Northern Trust Corp boosted its holdings in shares of Tucows by 1.5% in the fourth quarter. Northern Trust Corp now owns 78,791 shares of the information services provider’s stock worth $1,350,000 after buying an additional 1,181 shares during the period. Barclays PLC boosted its holdings in shares of Tucows by 10.9% in the fourth quarter. Barclays PLC now owns 12,625 shares of the information services provider’s stock worth $216,000 after buying an additional 1,240 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Tucows in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 73.64% of the company’s stock.

About Tucows

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.