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

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

MICC has been the topic of a number of research analyst reports. BNP Paribas Exane cut Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Zacks Research upgraded Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings cut 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 cut Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Finally, Berenberg Bank upgraded Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th.

Institutional Trading of Magnum Ice Cream

A number of hedge funds and other institutional investors have recently made changes to their positions in MICC. Compagnie Lombard Odier SCmA acquired a new stake in shares of Magnum Ice Cream during the fourth quarter worth about $3,008,000. Bank Pictet & Cie Europe AG acquired a new stake in shares of Magnum Ice Cream during the fourth quarter worth about $197,000. Banque Pictet & Cie SA acquired a new stake in shares of Magnum Ice Cream during the fourth quarter worth about $729,000. Blue Trust Inc. acquired a new stake in shares of Magnum Ice Cream during the fourth quarter worth about $135,000. Finally, First Pacific Financial acquired a new position in Magnum Ice Cream in the 4th quarter valued at about $42,000.

Magnum Ice Cream Stock Up 2.7%

Shares of NYSE MICC opened at $17.44 on Wednesday. The business’s 50-day simple moving average is $15.05. Magnum Ice Cream has a 1 year low of $12.94 and a 1 year high of $19.93.

About Magnum Ice Cream

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.