Vonage Holdings (VG) : Analyst Rating Update

Vonage Holdings (VG) has an average broker rating of 1.29, which is interpreted as a Strong Buy, as rated by 7 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Vonage Holdings (VG) : The most positive equity analysts on Vonage Holdings (VG) expects the shares to touch $8, whereas, the least positive believes that the stock will trade at $6 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $7.17 with an expected fluctuation of $0.75 from the mean.

Vonage Holdings (NYSE:VG): The stock opened at $5.80 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.82 for the day. The stock traded down to $5.69 during the day, due to lack of any buying support eventually closed down at $5.79 with a loss of -0.17% for the day. The stock had closed at $5.80 on the previous day. The total traded volume was 2,360,874 shares.

Also, In a research note released to the investors, Citigroup upgrades its rating on Vonage Holdings (NYSE:VG).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. In a recent information released to the investors, Citigroup raises the new price target from $4.75 per share to $8 per share. The rating by the firm was issued on June 14, 2016. The company shares have rallied 23.93% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $7.42 and the one year low was seen on May 13, 2016. The 50-Day Moving Average price is $5.01 and the 200 Day Moving Average price is recorded at $4.90.

Vonage Holdings Corp. is a provider of telecommunications and unified communications-as-a-service (UCaaS) solutions, connecting people through cloud-connected devices around the world. The Company offers a scalable session initiation protocol (SIP)-based Voice over Internet Protocol (VoIP) network. Through this technology, it offers voice and messaging services, and other features around the world on various devices. This platform enables a user via a single identity, either a number or user name, to access and utilize services and features by being connected to the Internet over third generation (3G), Long-Term Evolution (LTE), cable or Digital Subscriber Line (DSL) broadband networks. The Company has operations in the United States, the United Kingdom, Brazil, Israel and Canada. Its brand, BasicTalk, is a home phone service offering unlimited calling throughout the United States. It is focused on providing UCaaS solutions to domestic consumers, and small and medium businesses.

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