Zacks Investment Research downgraded Zions Bancorp (NASDAQ:ZION) to Hold in a report released today.
- Updated: November 28, 2016
Zacks Investment Research has downgraded Zions Bancorp (NASDAQ:ZION) to Hold in a report released on 11/28/2016.
Previously on 11/25/2016, Zacks Investment Research reported about Zions Bancorp (NASDAQ:ZION) raised the target price from $0.00 to $44.00. At the time, this indicated a possible upside of 0.13%.
Yesterday Zions Bancorp (NASDAQ:ZION) traded -0.81% lower at $39.10. The company’s 50-day moving average is $33.83 and its 200-day moving average is $29.50. The last stock close price is up 31.47% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 1,052,609 shares of the stock were exchanged, down from an average trading volume of 3,323,060
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Zions Bancorp has a 52 week low of $19.65 and a 52 week high of $39.23 The company’s market cap is currently $0.
In addition to Zacks Investment Research 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, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
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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