The Magnum Ice Cream Company N.V. (NYSE:MICC) Receives Consensus Rating of “Hold” from Brokerages

The Magnum Ice Cream Company N.V. (NYSE:MICCGet Free Report) has been given a consensus rating of “Hold” by the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company.

Several research firms have issued reports on MICC. Weiss Ratings upgraded shares of Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Zacks Research upgraded shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Magnum Ice Cream in a research report on Thursday, June 25th. Morgan Stanley reissued an “overweight” rating on shares of Magnum Ice Cream in a report on Wednesday. Finally, BNP Paribas Exane cut Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st.

View Our Latest Research Report on MICC

Institutional Trading of Magnum Ice Cream

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

Magnum Ice Cream Stock Performance

Shares of MICC opened at $18.87 on Thursday. Magnum Ice Cream has a twelve month low of $12.94 and a twelve month high of $19.93. The firm has a 50 day moving average of $17.79 and a 200 day moving average of $16.40. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.01 and a quick ratio of 0.78.

Magnum Ice Cream (NYSE:MICCGet Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.41 EPS for the quarter. The business had revenue of $2.68 billion for the quarter. Analysts predict that Magnum Ice Cream will post 1.1 EPS for the current fiscal year.

Magnum Ice Cream Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Magnum Ice Cream (NYSE:MICC)

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