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Zacks Investment Research downgraded Vonage Holdings Corp. (NYSE:VG) to Sell in a report released today.

Yesterday Vonage Holdings Corp. (NYSE:VG) traded 1.02% higher at $6.67. VG’s 50-day average is $7.15 and its two hundred day average is $6.54. With the last stock price close up 6.48% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the same time. 2,006,824 shares of the stock were exchanged, down from an average trading volume of 2,443,530

Zacks Investment Research has downgraded Vonage Holdings Corp. (NYSE:VG) to Sell in a report released on 2/09/2017.

Previously on Friday February 12, 2016, Oppenheimer reported about Vonage Holdings Corp. (NYSE:VG) lowered the target price from $8.00 to $6.00. At the time, this indicated a possible upside of 0.23%.

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Vonage Holdings Corp. (NYSE:VG)

Vonage Holdings Corp. has a 52 week low of $3.82 and a 52 week high of $7.88 with a P/E ratio of 77.33 VG’s total market value is presently $0.

A total of 7 analysts have released a research note on VG. Five analysts rating the company a strong buy, four analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $7.22.

More 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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