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

The Magnum Ice Cream Company N.V. (NYSE:MICC) has been assigned a consensus recommendation of “Reduce” from the six analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company.

Several equities analysts recently commented on MICC shares. Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. The Goldman Sachs Group lowered shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. Weiss Ratings raised shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Finally, BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st.

Magnum Ice Cream Stock Performance

MICC stock opened at $16.05 on Friday. Magnum Ice Cream has a 52 week low of $12.94 and a 52 week high of $19.93. The firm’s fifty day simple moving average is $14.69.

Institutional Investors Weigh In On Magnum Ice Cream

A number of large investors have recently added to or reduced their stakes in the company. FIL Ltd bought a new stake in Magnum Ice Cream in the 4th quarter worth $360,762,000. Vanguard Group Inc. bought a new stake in Magnum Ice Cream in the 4th quarter worth $344,031,000. First Eagle Investment Management LLC bought a new stake in Magnum Ice Cream in the 4th quarter worth $260,541,000. Norges Bank bought a new stake in Magnum Ice Cream in the 4th quarter worth $173,632,000. Finally, Barclays PLC bought a new stake in Magnum Ice Cream in the 4th quarter worth $156,326,000.

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.