Tucows (NASDAQ:TCX – Get a rating) (TSE: TC) was downgraded by TheStreet equity research analysts from a “c-” rating to a “d” rating in a research note released Thursday, TheStreetRatingsTable reports.
Separately, StockNews.com purported coverage of Tucows stock in a Thursday, March 31 research report. They issued a “hold” rating for the company.
TCX opened at $48.99 on Thursday. The company has a market capitalization of $527.38 million, a P/E ratio of -306.17 and a beta of 0.75. Tucows has a 1-year low of $42.47 and a 1-year high of $92.93. The company has a 50-day simple moving average of $59.49 and a two-hundred-day simple moving average of $71.95. The company has a debt ratio of 1.80, a current ratio of 0.84 and a quick ratio of 0.82.
Several institutional investors and hedge funds have recently changed their holdings in the company. Citigroup Inc. increased its position in Tucows by 135.2% in the third quarter. Citigroup Inc. now owns 1,442 shares of the information services provider worth $114,000 after purchasing an additional 829 shares during the period. BNP Paribas Arbitrage SA increased its position in Tucows by 429.5% in the third quarter. BNP Paribas Arbitrage SA now owns 1,758 shares of the information services provider worth $139,000 after purchasing an additional 1,426 shares during the period. Arizona State Retirement System acquired a new stake in Tucows in the fourth quarter worth approximately $205,000. Man Group plc acquired a new stake in Tucows in the third quarter worth approximately $226,000. Finally, MetLife Investment Management LLC increased its position in Tucows by 17.2% in the fourth quarter. MetLife Investment Management LLC now owns 3,376 shares of the information services provider worth $283,000 after purchasing an additional 496 shares during the period. Institutional investors hold 67.12% of the company’s shares.
Tucows Company Profile (Get a rating)
Tucows Inc provides network access, domain name registration, e-mail, 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 broadband Internet access services to individuals and small businesses, primarily through Ting’s website, and other billing solutions to small Internet service providers.
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