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

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

Several research firms have weighed in 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. Weiss Ratings cut shares of Magnum Ice Cream from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, March 20th. BNP Paribas Exane cut shares of Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. The Goldman Sachs Group cut shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Finally, Berenberg Bank upgraded shares of Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th.

Magnum Ice Cream Stock Up 11.0%

MICC opened at $16.68 on Friday. Magnum Ice Cream has a 1-year low of $12.94 and a 1-year high of $19.93. The firm has a fifty day moving average of $14.63.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MICC. FIL Ltd acquired a new position in shares of Magnum Ice Cream during the fourth quarter valued at about $360,762,000. Vanguard Group Inc. acquired a new position in shares of Magnum Ice Cream during the fourth quarter valued at about $344,031,000. First Eagle Investment Management LLC acquired a new position in shares of Magnum Ice Cream during the fourth quarter valued at about $260,541,000. Norges Bank acquired a new position in shares of Magnum Ice Cream during the fourth quarter valued at about $173,632,000. Finally, Barclays PLC acquired a new position in shares of Magnum Ice Cream during the fourth quarter valued at about $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.