Cormark Comments on Tucows Inc.’s FY2017 Earnings (TSE:TC)
Tucows Inc. (TSE:TC) (NYSE:TCX) – Stock analysts at Cormark decreased their FY2017 earnings per share estimates for Tucows in a report released on Wednesday. Cormark analyst H. Mak now forecasts that the company will post earnings per share of $2.24 for the year, down from their previous forecast of $2.40. Cormark also issued estimates for Tucows’ Q3 2018 earnings at $0.84 EPS and Q4 2018 earnings at $0.84 EPS.
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Tucows (TSE:TC) opened at 75.15 on Thursday. The firm has a 50 day moving average of $71.37 and a 200 day moving average of $71.27. The firm has a market capitalization of $789.75 million and a PE ratio of 57.02. Tucows has a one year low of $33.78 and a one year high of $86.33.
In other news, Director Jeffrey Schwartz sold 7,222 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of C$57.00, for a total value of C$411,654.00. Also, Director Rawleigh Hazen Ralls sold 469 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of C$56.90, for a total value of C$26,686.10. Insiders have sold a total of 71,725 shares of company stock valued at $4,216,234 over the last three months.
Tucows Company Profile
Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in the United States, Canada, and Germany. It operates in two segments, Network Access Services and Domain Services. The Network Access Services segment offers mobile and fixed high-speed Internet access services under the Ting brand, and Internet hosting and network consulting services.
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