Tucows (NASDAQ:TCX) Rating Lowered to D at TheStreet

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

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

Shares of TCX opened at $48.99 on Thursday. The business’s fifty day moving average price is $59.49 and its 200 day moving average price is $71.95. Tucows has a 12-month low of $42.47 and a 12-month high of $92.93. The stock has a market capitalization of $527.38 million, a PE ratio of -306.17 and a beta of 0.75. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.84 and a quick ratio of 0.82.

A number of hedge funds have recently made changes to their positions in TCX. Morgan Stanley boosted its stake in Tucows by 203.4% during the second quarter. Morgan Stanley now owns 35,010 shares of the information services provider’s stock valued at $2,812,000 after buying an additional 23,471 shares in the last quarter. Bank of America Corp DE lifted its stake in Tucows by 9.3% during the second quarter. Bank of America Corp DE now owns 8,558 shares of the information services provider’s stock valued at $687,000 after buying an additional 727 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Tucows in the second quarter worth about $456,000. Barclays PLC increased its position in shares of Tucows by 168.8% in the third quarter. Barclays PLC now owns 4,024 shares of the information services provider’s stock worth $317,000 after acquiring an additional 2,527 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in shares of Tucows by 135.2% during the third quarter. Citigroup Inc. now owns 1,442 shares of the information services provider’s stock valued at $114,000 after acquiring an additional 829 shares during the period. 67.12% of the stock is owned by institutional investors and hedge funds.

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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