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

The Magnum Ice Cream Company N.V. (NYSE:MICC) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company.

Several equities analysts recently commented on the company. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. BNP Paribas Exane downgraded Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Weiss Ratings raised Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 16th. Jefferies Financial Group reiterated a “hold” rating on shares of Magnum Ice Cream in a report on Thursday, June 25th. Finally, The Goldman Sachs Group lowered Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th.

Hedge Funds Weigh In On Magnum Ice Cream

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

Magnum Ice Cream Trading Up 0.0%

Shares of MICC opened at $18.73 on Friday. The firm has a fifty day moving average price of $16.20. Magnum Ice Cream has a twelve month low of $12.94 and a twelve 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.