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

Shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) have been given an average recommendation of “Hold” by the eight research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company.

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group reissued a “hold” rating on shares of Magnum Ice Cream in a research report on Thursday, June 25th. The Goldman Sachs Group cut shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. BNP Paribas Exane downgraded shares of Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Morgan Stanley reissued an “overweight” rating on shares of Magnum Ice Cream in a research report on Monday, June 29th. Finally, Weiss Ratings upgraded shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 16th.

Hedge Funds Weigh In On Magnum Ice Cream

Large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio increased its position in shares of Magnum Ice Cream by 2.9% in the first quarter. Public Employees Retirement System of Ohio now owns 41,816 shares of the company’s stock valued at $612,000 after acquiring an additional 1,159 shares during the last quarter. Keybank National Association OH boosted its position in Magnum Ice Cream by 11.2% during the first quarter. Keybank National Association OH now owns 13,761 shares of the company’s stock valued at $206,000 after purchasing an additional 1,387 shares during the last quarter. BNP Paribas bought a new position in Magnum Ice Cream in the fourth quarter valued at approximately $27,000. Credit Industriel ET Commercial grew its stake in Magnum Ice Cream by 144.4% in the first quarter. Credit Industriel ET Commercial now owns 2,957 shares of the company’s stock valued at $43,000 after purchasing an additional 1,747 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Magnum Ice Cream during the 4th quarter worth approximately $28,000.

Magnum Ice Cream Price Performance

Shares of Magnum Ice Cream stock traded up $0.17 during trading on Friday, reaching $18.55. The stock had a trading volume of 1,710,786 shares, compared to its average volume of 1,289,193. The business’s fifty day simple moving average is $16.75. Magnum Ice Cream has a 52 week low of $12.94 and a 52 week 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.