The Magnum Ice Cream Company N.V. (NYSE:MICC) Receives Consensus Recommendation of “Reduce” from Brokerages

The Magnum Ice Cream Company N.V. (NYSE:MICC) has received an average rating of “Reduce” from the six ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company.

Several research firms have recently commented on MICC. Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a research note on Friday, February 27th. 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 cut shares of Magnum Ice Cream to a “neutral” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings cut shares of Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 1st.

Institutional Trading of Magnum Ice Cream

A number of institutional investors have recently bought and sold shares of MICC. Compagnie Lombard Odier SCmA acquired a new stake in Magnum Ice Cream during the 4th quarter worth $3,008,000. Bank Pictet & Cie Europe AG acquired a new stake in Magnum Ice Cream during the 4th quarter worth $197,000. Banque Pictet & Cie SA acquired a new stake in Magnum Ice Cream during the 4th quarter worth $729,000. Blue Trust Inc. acquired a new stake in Magnum Ice Cream during the 4th quarter worth $135,000. Finally, First Pacific Financial acquired a new stake in Magnum Ice Cream during the 4th quarter worth $42,000.

Magnum Ice Cream Trading Down 0.1%

MICC opened at $17.90 on Wednesday. Magnum Ice Cream has a one year low of $12.94 and a one year high of $19.93. The firm’s 50 day moving average is $15.24.

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.