CSG Systems International Downgraded to “Neutral” at Zacks (CSGS)
CSG Systems International (NASDAQ:CSGS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday, Analyst Ratings News reports. They currently have a $27.10 price objective on the stock. Zacks‘ target price suggests a potential upside of 12.22% from the company’s current price.
Shares of CSG Systems International (NASDAQ:CSGS) traded down 0.86% during mid-day trading on Tuesday, hitting $24.15. The stock had a trading volume of 104,507 shares. CSG Systems International has a 52 week low of $17.00 and a 52 week high of $25.80. The stock has a 50-day moving average of $24.33 and a 200-day moving average of $22.. The company has a market cap of $765.6 million and a price-to-earnings ratio of 15.13.
CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.07. The company had revenue of $186.40 million for the quarter, compared to the consensus estimate of $183.07 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts expect that CSG Systems International will post $2.11 EPS for the current fiscal year.
A number of other firms have also recently commented on CSGS. Analysts at Thomson Reuters/Verus upgraded shares of CSG Systems International from a “hold” rating to a “buy” rating in a research note to investors on Monday. Analysts at First Analysis upgraded shares of CSG Systems International from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday, August 7th. They now have a $30.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. CSG Systems International currently has a consensus rating of “Hold” and a consensus price target of $23.82.
CSG Systems International, Inc (NASDAQ:CSGS) is a business support solutions provider primarily serving the communications industry.
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