Vonage Holdings (VG) Receives ‘Analyst’ Rating

Vonage Holdings (VG) : 6 brokerage houses believe that Vonage Holdings (VG) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Vonage Holdings (VG). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.44.

Vonage Holdings (VG) stock is expected to deviate a maximum of $0.76 from the average target price of $7.68 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $9 and the most muted being $7.


Also, Brokerage firm Oppenheimer maintains its rating on Vonage Holdings (NYSE:VG). As per the latest information, the brokerage house raises the price target to $7 per share from a prior target of $6.5. The shares have been rated Outperform. The rating by the firm was issued on August 3, 2016.

Vonage Holdings (NYSE:VG): After opening at $6.15, the stock dipped to an intraday low of $6.11 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $6.34 and the buying power remained strong till the end. The stock closed at $6.31 for the day, a gain of 2.77% for the day session. The total traded volume was 3,749,858. The stocks close on the previous trading day was $6.14.

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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