Magnum Ice Cream (NYSE:MICC) Cut to Sell at The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Magnum Ice Cream (NYSE:MICC) from a neutral rating to a sell rating in a report published on Friday morning, MarketBeat reports.

Several other equities research analysts have also issued reports on MICC. Zacks Research lowered shares of Magnum Ice Cream from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Weiss Ratings assumed coverage on shares of Magnum Ice Cream in a report on Thursday, March 5th. They issued a “hold (c)” rating on the stock. Oddo Bhf assumed coverage on shares of Magnum Ice Cream in a research report on Thursday, January 15th. They set an “outperform” rating on the stock. Finally, Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

Magnum Ice Cream Stock Down 1.6%

Shares of NYSE MICC opened at $14.87 on Friday. The stock’s 50-day simple moving average is $16.61. Magnum Ice Cream has a 12 month low of $14.45 and a 12 month high of $19.93.

Institutional Trading of Magnum Ice Cream

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

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.