Macquarie downgraded Zions Bancorp (NASDAQ:ZION) to Neutral in a report released today.
- Updated: November 27, 2016
Having a price of $38.11, Zions Bancorp (NASDAQ:ZION) traded -0.05% lower on the day. With the last close up 32.54% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. Zions Bancorp has recorded a 50-day average of $33.83 and a two hundred day average of $29.50. Volume of trade was down over the average, with 946,332 shares of ZION changing hands under the typical 3,323,060
Macquarie has downgraded Zions Bancorp (NASDAQ:ZION) to Neutral in a statement released on Tuesday November 22, 2016.
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Zions Bancorp has a 52 week low of $19.65 and a 52 week high of $39.23 with a P/E ratio of 21.48 The company’s market cap is currently $0.
In addition to Macquarie reporting its target price, a total of 26 firms have reported on the stock. The consensus target price is $29.46 with 5 firms rating the stock a strong buy, 11 firms rating the stock a buy, 11 firms rating the stock a hold, one equity analyst rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About Zions Bancorp (NASDAQ:ZION)
Zions Bancorporation is a financial holding company. The Company operates through seven segments: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado and The Commerce Bank of Washington. It focuses on providing community banking services and its core business lines are small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities, including municipal finance advisory and underwriting, and investment activities. It also provides personal banking services, including home mortgages, bankcard, other installment loans, home equity lines of credit, checking accounts, savings accounts, certificates of deposit, safe deposit facilities, direct deposit, and Internet and mobile banking.
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