Invesco California Municipal Incme Trust Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:VCV)
Invesco California Municipal Incme Trust (NYSE:VCV) has been given an average rating of “Buy” by the twelve analysts that are presently covering the stock, Analyst Ratings.Net reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $38.86.
Invesco California Municipal Incme Trust (NYSE:VCV) traded down 0.25% during mid-day trading on Monday, hitting $12.06. The stock had a trading volume of 26,744 shares. Invesco California Municipal Incme Trust has a 52 week low of $10.63 and a 52 week high of $12.58. The stock’s 50-day moving average is $12.24 and its 200-day moving average is $12.0.
A number of analysts have recently weighed in on VCV shares. Analysts at Deutsche Bank upgraded shares of Invesco California Municipal Incme Trust to a “buy” rating in a research note on Friday. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Invesco California Municipal Incme Trust to an “overweight” rating in a research note on Tuesday, May 20th.
Invesco California Municipal Income Trust (NYSE:VCV), formerly Invesco California Insured Municipal Income Trust, is a diversified, closed-end management investment company.
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