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

The Magnum Ice Cream Company N.V. (NYSE:MICCGet Free Report) has earned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company.

A number of brokerages have weighed in on MICC. Weiss Ratings raised Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Magnum Ice Cream in a research report on Thursday, June 25th. Zacks Research upgraded Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Magnum Ice Cream in a report on Wednesday, August 5th.

View Our Latest Stock Analysis on Magnum Ice Cream

Hedge Funds Weigh In On Magnum Ice Cream

Several institutional investors and hedge funds have recently modified their holdings of MICC. BNP Paribas acquired a new stake in shares of Magnum Ice Cream during the 4th quarter worth about $27,000. Cullen Frost Bankers Inc. acquired a new position in Magnum Ice Cream in the 4th quarter valued at about $28,000. Leonteq Securities AG bought a new position in Magnum Ice Cream in the 4th quarter valued at about $30,000. Acumen Wealth Advisors LLC bought a new position in Magnum Ice Cream in the 4th quarter valued at about $35,000. Finally, EDENTREE ASSET MANAGEMENT Ltd acquired a new stake in Magnum Ice Cream during the fourth quarter worth approximately $37,000.

Magnum Ice Cream Price Performance

NYSE MICC opened at $20.22 on Monday. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 3.10. The firm’s fifty day moving average price is $18.67 and its two-hundred day moving average price is $16.66. Magnum Ice Cream has a 1 year low of $12.94 and a 1 year high of $20.49.

Magnum Ice Cream (NYSE:MICCGet Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.41 EPS for the quarter. The firm had revenue of $2.68 billion during the quarter. Equities research analysts expect that Magnum Ice Cream will post 1.1 earnings per share for the current 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.

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Analyst Recommendations for Magnum Ice Cream (NYSE:MICC)

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