Shares of The Magnum Ice Cream Company N.V. (NYSE:MICC – Get Free Report) have earned a consensus rating of “Reduce” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company.
A number of research analysts have recently weighed in on MICC shares. BNP Paribas Exane lowered Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Berenberg Bank upgraded Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. The Goldman Sachs Group lowered Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Weiss Ratings lowered Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Finally, Zacks Research upgraded Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th.
Get Our Latest Report on Magnum Ice Cream
Magnum Ice Cream Stock Down 2.2%
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG purchased a new position in Magnum Ice Cream in the fourth quarter worth about $97,064,000. Generali Asset Management SPA SGR purchased a new position in Magnum Ice Cream in the fourth quarter worth about $1,644,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Magnum Ice Cream in the fourth quarter worth about $5,807,000. Ruffer LLP bought a new stake in Magnum Ice Cream in the fourth quarter worth about $5,398,000. Finally, ASR Vermogensbeheer N.V. bought a new stake in Magnum Ice Cream in the fourth quarter worth about $3,156,000.
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.
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