The Magnum Ice Cream Company N.V. (NYSE:MICC) Given Average Rating of “Reduce” by Analysts

Shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) have received a consensus rating of “Reduce” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a buy recommendation to the company.

MICC has been the subject of several analyst reports. Weiss Ratings cut shares of Magnum Ice Cream from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Berenberg Bank upgraded Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. Oddo Bhf began coverage on Magnum Ice Cream in a research report on Thursday, January 15th. They issued an “outperform” rating on the stock. BNP Paribas Exane cut Magnum Ice Cream to a “neutral” rating in a research report on Tuesday. Finally, Zacks Research downgraded Magnum Ice Cream from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th.

Institutional Investors Weigh In On Magnum Ice Cream

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas bought a new position in shares of Magnum Ice Cream during the fourth quarter valued at $27,000. Cullen Frost Bankers Inc. bought a new stake in shares of Magnum Ice Cream during the 4th quarter valued at about $28,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Magnum Ice Cream during the 4th quarter valued at about $30,000. Leonteq Securities AG bought a new stake in shares of Magnum Ice Cream during the 4th quarter valued at about $30,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Magnum Ice Cream during the 4th quarter valued at about $33,000.

Magnum Ice Cream Stock Down 2.6%

Shares of NYSE:MICC opened at $14.21 on Tuesday. The firm has a 50 day moving average price of $15.38. Magnum Ice Cream has a 12 month low of $13.96 and a 12 month high of $19.93.

Magnum Ice Cream Company Profile

The Magnum Ice Cream Company N.V. engages in ice cream business. The Magnum Ice Cream Company N.V. is based in Amsterdam, Noord-Holland, Netherlands.