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

The Magnum Ice Cream Company N.V. (NYSE:MICCGet Free Report) has earned a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company.

Several equities research analysts have issued reports on MICC shares. Weiss Ratings raised shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 16th. BNP Paribas Exane downgraded shares of Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Morgan Stanley reiterated an “overweight” rating on shares of Magnum Ice Cream in a research report on Monday, June 29th. 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, Jefferies Financial Group restated a “hold” rating on shares of Magnum Ice Cream in a research note on Thursday, June 25th.

View Our Latest Stock Report on Magnum Ice Cream

Magnum Ice Cream Stock Up 0.5%

Shares of MICC stock opened at $18.84 on Friday. Magnum Ice Cream has a 12 month low of $12.94 and a 12 month high of $19.93. The stock has a 50 day moving average price of $16.43.

Hedge Funds Weigh In On Magnum Ice Cream

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas bought a new stake in Magnum Ice Cream in the fourth quarter valued at $27,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Magnum Ice Cream in the 4th quarter valued at $28,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Magnum Ice Cream in the 4th quarter valued at $30,000. Leonteq Securities AG bought a new stake in shares of Magnum Ice Cream in the 4th quarter worth about $30,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Magnum Ice Cream in the 4th quarter worth about $33,000.

About Magnum Ice Cream

(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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