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

Shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) have received an average recommendation of “Reduce” from the six analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company.

A number of equities analysts recently issued reports on MICC shares. BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Berenberg Bank upgraded shares of Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. Weiss Ratings lowered shares of Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 1st. The Goldman Sachs Group lowered shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Finally, Zacks Research upgraded shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th.

Hedge Funds Weigh In On Magnum Ice Cream

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

Magnum Ice Cream Price Performance

Shares of MICC opened at $17.90 on Wednesday. The firm has a 50-day moving average of $15.24. Magnum Ice Cream has a 52-week low of $12.94 and a 52-week 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.