Regions Financial Corp (NYSE:RF) has been downgraded to Hold in a report by Jefferies Group today.
- Updated: November 28, 2016
Yesterday Regions Financial Corp (NYSE:RF) traded -1.39% lower at $13.16. The company’s 50-day moving average is $11.34 and its 200-day moving average is $9.86. The last stock close price is up 33.57% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 6,389,660 shares of the stock were exchanged, down from an average trading volume of 21,306,100
Jefferies Group has downgraded Regions Financial Corp (NYSE:RF) to Hold in a report released on Monday November 28, 2016.
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Regions Financial Corp has a 52 week low of $7.00 and a 52 week high of $13.54 with a P/E ratio of 15.48 RF’s total market value is presently $0.
A total of 28 equity analysts have released a research note on RF. Eight equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, fourteen brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a consensus target price of $9.97.
General Information About Regions Financial Corp (NYSE:RF)
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth. It provides traditional commercial, retail and mortgage banking services, as well as other financial services.
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