In a report released today, Matthew Harrigan from Benchmark Co. reiterated a Buy rating on CSG Systems International (CSGS – Research Report), with a price target of $75.00. The company’s shares closed yesterday at $53.74.
Harrigan covers the Communication Services sector, focusing on stocks such as Warner Bros, Liberty Media Liberty Formula One, and Live Nation Entertainment. According to TipRanks, Harrigan has an average return of 0.6% and a 55.26% success rate on recommended stocks.
In addition to Benchmark Co., CSG Systems International also received a Buy from William Blair’s Maggie Nolan in a report issued on December 20. However, on the same day, Wells Fargo maintained a Hold rating on CSG Systems International (NASDAQ: CSGS).
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Based on CSG Systems International’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $286.87 million and a net profit of $18.69 million. In comparison, last year the company earned a revenue of $273.31 million and had a net profit of $12.48 million
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CSG Systems International (CSGS) Company Description:
CSG Systems International, Inc. engages in providing business support solutions serving the communications industry. It engages in revenue management & digital monetization, customer experience & payment solutions providers. The firm’s solutions and services help companies around the world monetize and digitally enable the customer experience by accurately capturing, managing, generating, and optimizing the interactions and revenues associated with their customers. The company was founded on October 17, 1994 and is headquartered in Greenwood Village, CO.
Read More on CSGS:
- The cloud and communications stocks to own in 2024, according to Oppenheimer
- CSG Systems initiated with a Buy at Jefferies
- Tesla initiated, Kellanova upgraded: Wall Street’s top analyst calls
- CSG Systems initiated with an Equal Weight at Wells Fargo
- CSG price target lowered to $81 from $84 at Northland
