CSGS Looking To Make Acquisitions

CSG Systems International, Inc. CSGS is open to potential acquisitions, for both a technology purchase or to gain relationships with subscribers, JP Morgan reports. The company is also open to entertainment or video acquisitions. According to JP Morgan, the subscriber base in cable and satellite industries is not growing, but CSG is still able to increase revenues by mid single digits, half of which comes from providing efficiency solutions to customer and the other half comes from solution that help generate revenues. JP Morgan maintains its Neutral rating and $23.50 price target. CSG Systems International, Inc. closed yesterday at $20.36.