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Invesco California Value Mncpl Incm Trst (NYSE:VCV) has earned a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the company, AnalystRatings.NET reports. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $35.86.

Shares of Invesco California Value Mncpl Incm Trst (NYSE:VCV) opened at 11.86 on Monday. Invesco California Value Mncpl Incm Trst has a one year low of $10.63 and a one year high of $13.96. The stock has a 50-day moving average of $11.64 and a 200-day moving average of $11.21.

The company also recently announced a monthly dividend, which is scheduled for Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.066 per share. This represents a $0.79 annualized dividend and a dividend yield of 6.67%. The ex-dividend date is Wednesday, February 12th.

VCV has been the subject of a number of recent research reports. Analysts at Jefferies Group cut their price target on shares of Invesco California Value Mncpl Incm Trst from $42.00 to $40.00 in a research note on Friday, January 31st. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Invesco California Value Mncpl Incm Trst in a research note on Tuesday, January 14th. They now have a $40.00 price target on the stock, down previously from $41.00. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Invesco California Value Mncpl Incm Trst from $36.00 to $39.00 in a research note on Tuesday, January 14th. They now have a “neutral” rating on the stock.

Invesco California Value Municipal Income Trust, formerly Invesco Van Kampen California Value Municipal Income Trust, is a diversified, closed-end management investment company.

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