Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Moneygram International Inc    MGI

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Moneygram International Inc : MoneyGram Signs Two Top Currency Exchange Houses in Venezuela

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/10/2012 | 02:16pm CEST

Network now includes three of the five largest Venezuelan currency companies

DALLAS--(BUSINESS WIRE)--Apr. 10, 2012-- MoneyGram International (NYSE:MGI), a leading global money transfer company, announced today it has added two of the largest foreign currency exchange houses in Venezuela to its money transfer network - Casa de Cambio Angulo Lopez and Venegiros Casa de Cambio. Combined with the company's existing agent Italcambio, MoneyGram's network now includes three of Venezuela's top five currency exchange companies, bringing the number of MoneyGram locations in Venezuela to 100.

"We are thrilled to enter into relationships with two more premier financial institutions in Venezuela. With Casa de Cambio Angulo Lopez and Venegiros Casa de Cambio, we are significantly diversifying our network in the country and nearly doubling the number of locations available to our customers," said George Zelinski, vice president of Central America, South America and the Caribbean. "Both financial institutions are experienced money transfer service providers. Joining the MoneyGram network expands each provider's reach beyond the region for the first time."

Venezuela is an active send and receive remittance market, with 812 million USD sent from the country, particularly from the nation's approximate 2 million immigrants. Key send markets include China, Colombia, Peru, Ecuador, Spain, Portugal and the U.S. In addition, the country receives 1.2 million USD annually, from countries such as the U.S., Italy, Spain, Colombia and the U.K.

About MoneyGram International

MoneyGram International, a leading global money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers money transfer services worldwide and bill payment services in the United States and Canada through a global network of more than 267,000 agent locations-including retailers, international post offices and financial institutions-in 192 countries and territories around the world. To learn more about money transfer or bill payment at an agent location or online, please visit www.moneygram.com or connect with us on Facebook.

Source: MoneyGram International

MoneyGram International
Patty Sullivan, +1-214-303-9923
or
Sean Tuffnell, +1-214-303-9923
[email protected]

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MONEYGRAM INTERNATIONAL IN
10/20 MONEYGRAM INTERNATIONAL : Hamlet resident warns of secret shopper scam
10/08 VOICE OF THE CONSUMER : Majority of online pet sites are frauds
10/06 CONSUMER PERSPECTIVE : Pet scams are using phony ads, fake websites
10/06 WESTERN UNION : Ask us at the star
10/05 BBB : Fraudulent pet sales on the rise
10/04 MONEYGRAM INTERNATIONAL : Do not buy cute puppies online - it's likely a scam
10/03 MONEYGRAM INTERNATIONAL : Be wary of fraudulent pet listings
09/29 MONEYGRAM INTERNATIONAL : Ardshinbank announced the start of the action for mone..
09/27 BBB WARNS : Pet Scams Use Phony Ads, Fake Websites to Victimize Thousands of Con..
09/27 REPORT : Puppy scams organized, widespread
More news
Financials ($)
Sales 2017 1 645 M
EBIT 2017 113 M
Net income 2017 37,0 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 28,11
P/E ratio 2018 21,86
Capi. / Sales 2017 0,52x
Capi. / Sales 2018 0,49x
Capitalization 853 M
Income Statement Evolution
Consensus
 
Mean consensus HOLD
Number of Analysts 4
Average target price 12,9 $
Spread / Average Target -18%
EPS Revisions
Managers
NameTitle
W. Alexander Holmes Chief Executive Officer & Director
Pamela H. Patsley Executive Chairman
Kamila Chytil Global Chief Operations Officer
Lawrence Angelilli Chief Financial Officer, Treasurer & SEVP
Wayne F. Mcgurk Chief Information Officer & Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
MONEYGRAM INTERNATIONAL INC853
FISERV19.56%27 032
CIELO SA-2.70%19 185
FIRST DATA CORP30.02%17 611
FLEETCOR TECHNOLOGIES, INC.15.91%15 131
GLOBAL PAYMENTS INC39.48%14 817