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UPDATE: Stifel Upgrades CSG Systems International

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In a report released Friday, Stifel analyst Matthew Vliet upgraded CSG Systems International (NASDAQ: CSGS) from Hold to Buy and introduced a $40 price target.

Analysts at Stifel like CSG Systems International's recent announcement to conduct business with Comcast, projecting to add $40 million a year by 2019. Stifel projects CSG Systems' previous conjunction with Time Warner to be extended to $60 million a year.

The $40 price target is given by a full year 2014 EBITDA multiple of 9x.

Latest Ratings for CSGS

DateFirmActionFromTo
Mar 2016Stifel NicolausMaintainsBuy
Nov 2015Stifel NicolausMaintainsBuy
Nov 2015First AnalysisDowngradesOverweightEqual-Weight

View More Analyst Ratings for CSGS
View the Latest Analyst Ratings

Posted-In: Matthew Vliet StifelUpgrades Price Target Analyst Ratings

 

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