Moneygram International Incorporated (MGI)

[TFMG]

More Upside For MGI With XRP Adoption Increasing

Company Information:

MoneyGram International, Inc. (MoneyGram) is a global provider of money transfer services. The Company operates through two segments: Global Funds Transfer and Financial Paper Products. The Company offers its services under the MoneyGram brand. The Company's Global Funds Transfer Segment provides money transfer services and bill payment services primarily to unbanked and underbanked consumers. The Financial Paper Products Segment provides money orders to consumers through its agents and financial institutions located across the United States and Puerto Rico . The Company's offerings include money transfers, bill payment services, money order services and official check processing. The Company's money transfer services enable its consumers to send and receive funds across the world through its global network of locations. The Company also offers Digital/Self-Service solutions, such as moneygram.com, mobile solutions, account deposit and kiosk-based services.

SHORT INTEREST
4.42M 06/28/19

P/E Ratio (with extraordinary items)
-2.93

Average Price Targets By Analysts: £2.83

Recommendation: Underweight

A lot more upside is possible with the fundamentals of MoneyGram within the cryptocurrency space with Ripple using MoneyGram with their borderless payments with XRP.