Moneygram International (MGI) Earning Somewhat Positive Media Coverage, Report Shows

Press coverage about Moneygram International (NASDAQ:MGI) has trended somewhat positive on Saturday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Moneygram International earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.5424958189026 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of Moneygram International (NASDAQ:MGI) traded up $0.06 during mid-day trading on Friday, hitting $14.59. The stock had a trading volume of 218,538 shares, compared to its average volume of 550,061. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of -2.47. The firm has a market capitalization of $791.24, a price-to-earnings ratio of 17.49 and a beta of 2.00. Moneygram International has a fifty-two week low of $10.11 and a fifty-two week high of $17.92.

A number of research analysts have recently weighed in on the company. BidaskClub raised Moneygram International from a “strong sell” rating to a “sell” rating in a report on Saturday, November 11th. ValuEngine lowered Moneygram International from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Northland Securities reissued a “hold” rating on shares of Moneygram International in a report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $16.21.

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Moneygram International Company Profile

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.

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