TheStreet downgraded Vonage Holdings Corp. (NYSE:VG) to Hold in a report released today.
- Updated: October 1, 2016
Only yesterday Vonage Holdings Corp. (NYSE:VG) traded 1.38% higher at $6.55. Vonage Holdings Corp.’s 50-day moving average is $6.14 and its 200-day average is $5.29. With the last stock price close up 24.90% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Trade Volume was up over the average, with 3,373,079 shares of VG changing hands over the typical 2,956,020
TheStreet has downgraded Vonage Holdings Corp. (NYSE:VG) to Hold in a report released on 09/28/2016.
Previously on 9/26/2016, Needham reported about Vonage Holdings Corp. (NYSE:VG) raised the target price from $8.00 to $9.00. At the time, this indicated a possible upside of 0.35%.
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Vonage Holdings Corp. has a 52 week low of $3.82 and a 52 week high of $7.42 with a P/E ratio of 93.10 VG’s total market value is presently $0.
A total of 7 brokers have released a ratings update on VG. 5 analysts rating the company a strong buy, four brokers rating the stock a buy, zero brokerages rating the company a hold, 0 firms rating the stock a underperform, and finally 0 equity analysts rating the company a sell with a one year target of $7.22.
Brief Synopsis About Vonage Holdings Corp. (NYSE:VG)
Vonage Holdings Corp. is a provider of cloud communications services for businesses and consumers, and consumer and business communication solutions across multiple devices. For business services customers, the Company provides cloud-based unified communications as a service (UCaaS) solutions, consisting of integrated voice, text, video, data, collaboration and mobile applications over its scalable session initiation protocol (SIP)-based voice over Internet protocol (VoIP) network. It serves a range of business markets, including the small and medium business (SMB), mid-market and enterprise segments. Its business solutions' product families include Vonage Essentials, based on its call processing platform that is purpose-built for SMB and mid-market customers, and Vonage Premier, based on Broadsoft's call processing platform in combination with its cloud-based solutions. Its consumer services strategy is focused on the North American markets.
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