Zions Bancorp (NASDAQ:ZION) has been downgraded from Strong Buy to Mkt Perform in a statement by Raymond James earlier today.
- Updated: October 6, 2016
Raymond James has downgraded Zions Bancorp (NASDAQ:ZION) from Strong Buy to Mkt Perform in a statement released on 10/06/2016.
On 10/03/2016, Zacks Investment Research released a statement about Zions Bancorp (NASDAQ:ZION) upped the target price from $0.00 to $35.00 that suggested an upside of 0.13%.
Having a price of $31.82, Zions Bancorp (NASDAQ:ZION) traded -0.77% lower on the day. With the last stock price up 15.22% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Zions Bancorp has recorded a 50-day average of $30.23 and a two hundred day average of $27.40. Volume of trade was down over the average, with 1,273,410 shares of ZION changing hands under the typical 3,027,980
With a total market value of $0, Zions Bancorp has price-earnings ratio of 19.03 with a one year low of $19.65 and a one year high of $32.15 .
A total of 26 analysts have released a research note on Zions Bancorp. Five analysts rating the company a strong buy, eleven analysts rating the company a buy, eleven analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $29.46.
More 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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