Analyst Rating Update on Vonage Holdings (VG)

Vonage Holdings (VG) : The consensus on Vonage Holdings (VG) based on 8 analyst recommendation on the company stock is 1.5, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Vonage Holdings (VG) : The highest short term price target forecast on Vonage Holdings (VG) is $8 and the lowest target price is $6. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $7.07 with a standard deviation of $0.73.

For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup upgrades its view on Vonage Holdings (NYSE:VG) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. Citigroup raises the price target from $4.75 per share to $8 per share on Vonage Holdings . The rating by the firm was issued on June 14, 2016.


Vonage Holdings (NYSE:VG): The stock opened at $6.21 on Wednesday but the bulls could not build on the opening and the stock topped out at $6.29 for the day. The stock traded down to $5.77 during the day, due to lack of any buying support eventually closed down at $6.10 with a loss of -2.56% for the day. The stock had closed at $6.26 on the previous day. The total traded volume was 7,038,995 shares.

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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