First Horizon National Corp (NYSE:FHN) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 20, 2016
Zacks Investment Research has downgraded First Horizon National Corp(NYSE:FHN) to Sell in a report released on 9/20/2016.
Having a price of $15.12, First Horizon National Corp (NYSE:FHN) traded 0.10% lower on the day. With the last close up 6.98% from the 200-day average, compared to the S&P 500 which has fallen -0.01% over the date range. FHN has recorded a 50-day moving average of $15.05 and two hundred day average of $14.11. 867,495 shares of FHN were exchanged, down from ann avg. volume of 2,113,360
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First Horizon National Corp has a one-year low of $11.51 and a one-year high of $15.50 with a price-earnings ratio of 17 and has a total market value of $0.0.
A total of 16 analysts have reported on the company. Zero rate the stock a strong buy, 0 rate the company a buy, 0 firms rate the stock a hold, 0 rate the stock to underperform, and lastly 0 analystsrate the stock as sell with a consensus target of $14.19
Brief Synopsis About First Horizon National Corp (NYSE:FHN)
First Horizon National Corporation (FHN) is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). The Company has four segments: regional banking, fixed income, corporate and non-strategic. The Company’s regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers in Tennessee and other selected markets. The regional banking segment provides investments and financial planning. The Company’s fixed income segment consists of fixed income securities sales, trading, and strategies for institutional clients in the United States and abroad. The Company’s corporate segment consists of funds management, tax credit investment activities and gains on the extinguishment of debt, and among others. The non-strategic segment offers wind-down national consumer lending activities and mortgage banking elements.
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