Zacks: Analysts Set $97.64 Price Target for Tucows Inc. (TCX)
Shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus price target of $97.64 for the company and are expecting that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also given Tucows an industry rank of 213 out of 255 based on the ratings given to related companies.
A number of research analysts have issued reports on TCX shares. Echelon Wealth Partners reiterated a “buy” rating on shares of Tucows in a research report on Tuesday, March 19th. BidaskClub lowered Tucows from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 27th. Zacks Investment Research upgraded Tucows from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Wednesday, April 17th. Finally, ValuEngine upgraded Tucows from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 1st.
Several hedge funds have recently modified their holdings of the company. Quantamental Technologies LLC purchased a new position in Tucows in the fourth quarter valued at about $78,000. Legal & General Group Plc grew its stake in Tucows by 17.5% in the fourth quarter. Legal & General Group Plc now owns 1,794 shares of the information services provider’s stock valued at $108,000 after purchasing an additional 267 shares in the last quarter. BlueMountain Capital Management LLC grew its stake in Tucows by 344.0% in the third quarter. BlueMountain Capital Management LLC now owns 2,575 shares of the information services provider’s stock valued at $144,000 after purchasing an additional 1,995 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Tucows by 356.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,115 shares of the information services provider’s stock valued at $187,000 after purchasing an additional 2,433 shares in the last quarter. Finally, CLARET ASSET MANAGEMENT Corp grew its stake in Tucows by 4.2% in the fourth quarter. CLARET ASSET MANAGEMENT Corp now owns 5,217 shares of the information services provider’s stock valued at $314,000 after purchasing an additional 211 shares in the last quarter. Institutional investors and hedge funds own 58.54% of the company’s stock.
Shares of TCX stock opened at $86.56 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.58. Tucows has a 1 year low of $49.69 and a 1 year high of $89.51. The firm has a market cap of $920.91 million, a price-to-earnings ratio of 54.44 and a beta of 0.76.
Tucows (NASDAQ:TCX) (TSE:TC) last announced its quarterly earnings results on Wednesday, February 13th. The information services provider reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.06). Tucows had a return on equity of 23.64% and a net margin of 4.95%. The business had revenue of $85.60 million for the quarter, compared to analyst estimates of $84.00 million. During the same quarter last year, the firm posted $1.04 EPS. The company’s revenue was down 5.5% compared to the same quarter last year. Equities analysts expect that Tucows will post 2.01 EPS for the current year.
Tucows Company Profile
Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Germany. It operates in two segments, Network Access Services and Domain Services. The Network Access Services segment engages in the provision of mobile services under the Ting Mobile name, including the sale of retail telephony services, mobile phone hardware, and related accessories.
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