Vonage (VG) Higher After AT&T Allows VoIP Applications on iPhone

Shares of Vonage Holdings Corporation (NYSE: VG) are on the move today which is related to news from AT&T (NYSE: T) that it has taken the steps necessary so that Apple (Nasdaq: APPL) can enable VoIP applications on iPhone to run on AT&T's wireless network.

In addition, Citigroup raised its price target from $0.50 to $1.50, although they maintained a Hold rating.

Shares of VG are up 18% to $1.70 this A.M., already passing Citi's new price target.

Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php

You May Also Be Interested In

• Citigroup set to join top banks in Anthropic IPO - Bloomberg
• S&P 500 may pull back before midterms, but Citi says buy the dip
• Citi upgrades O-I Glass to Buy with $9 price target, opens 90-Day upside catalyst watch