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

The Magnum Ice Cream Company N.V. (NYSE:MICC) has been given an average recommendation of “Hold” by the eight analysts that are presently covering the firm, MarketBeat reports. Two investment 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 analysts have commented on the stock. BNP Paribas Exane downgraded shares of Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Jefferies Financial Group reiterated a “hold” rating on shares of Magnum Ice Cream in a report on Thursday, June 25th. Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Morgan Stanley restated an “overweight” rating on shares of Magnum Ice Cream in a report on Monday, June 29th. Finally, Weiss Ratings raised shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 16th.

Magnum Ice Cream Stock Down 1.6%

NYSE MICC opened at $18.20 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.74 and a debt-to-equity ratio of 5.23. The stock’s 50-day simple moving average is $17.54. Magnum Ice Cream has a one year low of $12.94 and a one year high of $19.93.

Magnum Ice Cream (NYSE:MICC) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.41 earnings per share for the quarter. The business had revenue of $2.68 billion for the quarter. On average, equities research analysts forecast that Magnum Ice Cream will post 1.09 EPS for the current year.

Institutional Trading of Magnum Ice Cream

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