Manchester United Ltd. (NYSE:MANU) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Saturday.

According to Zacks, “Manchester United PLC operates a professional sports team. The Company manages the soccer team and all affiliated club activities of the Manchester United Football Club that includes the media network, foundation, fan zone, news and sports features, and team merchandise. Manchester United PLC is based in Manchester, United Kingdom. “

MANU has been the topic of a number of other research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $21.00 price objective (up from $19.00) on shares of Manchester United in a report on Thursday, September 21st. BidaskClub raised Manchester United from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $20.00 price objective (up from $19.00) on shares of Manchester United in a report on Monday, September 25th.

Shares of Manchester United (NYSE MANU) opened at $19.55 on Friday. Manchester United has a 12 month low of $14.10 and a 12 month high of $19.88. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $3,220.00, a price-to-earnings ratio of 70.74, a P/E/G ratio of 15.26 and a beta of 0.57.

Manchester United (NYSE:MANU) last posted its quarterly earnings results on Thursday, November 16th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. Manchester United had a return on equity of 7.50% and a net margin of 6.74%. The business had revenue of $141.00 million for the quarter, compared to analysts’ expectations of $133.94 million. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. equities analysts expect that Manchester United will post 0.05 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Manchester United Ltd. (MANU) Lifted to Hold at Zacks Investment Research” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/11/18/manchester-united-ltd-manu-lifted-to-hold-at-zacks-investment-research.html.

A number of hedge funds and other institutional investors have recently modified their holdings of MANU. JPMorgan Chase & Co. grew its holdings in Manchester United by 11,269.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,527 shares of the company’s stock valued at $151,000 after buying an additional 8,452 shares in the last quarter. Citadel Advisors LLC grew its holdings in Manchester United by 1,550.2% in the 3rd quarter. Citadel Advisors LLC now owns 10,340 shares of the company’s stock valued at $186,000 after buying an additional 11,053 shares in the last quarter. Bank of America Corp DE grew its holdings in Manchester United by 19.6% in the 1st quarter. Bank of America Corp DE now owns 26,160 shares of the company’s stock valued at $442,000 after buying an additional 4,290 shares in the last quarter. OxFORD Asset Management LLP grew its holdings in shares of Manchester United by 34.5% during the 2nd quarter. OxFORD Asset Management LLP now owns 27,647 shares of the company’s stock worth $449,000 after purchasing an additional 7,089 shares in the last quarter. Finally, Gabelli Funds LLC grew its holdings in shares of Manchester United by 17.2% during the 3rd quarter. Gabelli Funds LLC now owns 37,500 shares of the company’s stock worth $675,000 after purchasing an additional 5,500 shares in the last quarter. 90.57% of the stock is currently owned by hedge funds and other institutional investors.

Manchester United Company Profile

Manchester United plc is engaged in the operation of a professional football club together with related and ancillary activities. Its football operations primarily comprise various activities, such as its first team, reserve team, youth academy, global scouting networks and other operations, such as its sport science, medical and fitness operations at the Aon Training Complex.

Get a free copy of the Zacks research report on Manchester United (MANU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Manchester United Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manchester United Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.