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

Shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) have been given an average recommendation of “Hold” by the eight research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company.

MICC has been the subject of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Magnum Ice Cream in a research report on Monday, June 29th. The Goldman Sachs Group cut Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Jefferies Financial Group reissued a “hold” rating on shares of Magnum Ice Cream in a report on Thursday, June 25th. Finally, Weiss Ratings upgraded 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 Performance

MICC opened at $18.73 on Friday. The business’s 50-day moving average price is $16.20. Magnum Ice Cream has a one year low of $12.94 and a one year high of $19.93.

Institutional Trading of Magnum Ice Cream

Large investors have recently bought and sold shares of the business. FIL Ltd purchased a new stake in shares of Magnum Ice Cream in the fourth quarter valued at about $360,762,000. Vanguard Group Inc. purchased a new position in shares of Magnum Ice Cream during the fourth quarter worth about $344,031,000. First Eagle Investment Management LLC purchased a new position in shares of Magnum Ice Cream during the fourth quarter worth about $260,541,000. Norges Bank purchased a new position in shares of Magnum Ice Cream during the fourth quarter worth about $173,632,000. Finally, Barclays PLC acquired a new position in Magnum Ice Cream in the 4th 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.