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

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

MICC has been the subject of several research analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Magnum Ice Cream in a report on Monday, June 29th. The Goldman Sachs Group downgraded Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. BNP Paribas Exane lowered 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 note on Tuesday, June 16th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Magnum Ice Cream in a report on Thursday, June 25th.

Magnum Ice Cream Stock Down 0.2%

Shares of NYSE:MICC opened at $18.39 on Friday. Magnum Ice Cream has a 52 week low of $12.94 and a 52 week high of $19.93. The firm has a 50 day moving average price of $16.64.

Institutional Trading of Magnum Ice Cream

Several hedge funds have recently bought and sold shares of MICC. Public Employees Retirement System of Ohio lifted its stake in 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 buying an additional 1,159 shares in the last quarter. Keybank National Association OH increased its position in shares of Magnum Ice Cream by 11.2% during the first quarter. Keybank National Association OH now owns 13,761 shares of the company’s stock worth $206,000 after acquiring an additional 1,387 shares in the last quarter. BNP Paribas bought a new stake in shares of Magnum Ice Cream during the fourth quarter worth $27,000. Credit Industriel ET Commercial raised its holdings in shares of Magnum Ice Cream by 144.4% during the first quarter. Credit Industriel ET Commercial now owns 2,957 shares of the company’s stock worth $43,000 after acquiring an additional 1,747 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Magnum Ice Cream during the fourth quarter worth $28,000.

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.