Zions Bancorporation (NASDAQ:ZION) has been upgraded from Hold to Buy in a statement by Jefferies & Co earlier today.
- Updated: November 28, 2016
Jefferies & Co has upgraded Zions Bancorporation (NASDAQ:ZION) from Hold to Buy in a statement released on 11/28/2016.
On 11/25/2016, Zacks Investment Research released a statement for Zions Bancorporation (NASDAQ:ZION) bumped up the target price from $0.00 to $44.00 that suggested an upside of 0.13%.
Boasting a price of $38.71, Zions Bancorporation (NASDAQ:ZION) traded -0.81% lower on the day. With the last stock price close up 31.47% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Zions Bancorporation 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 1,052,609 shares of ZION changing hands under the typical 3,323,060
With a total market value of $0, Zions Bancorporation has with a one year low of $19.65 and a one year high of $39.23 .
A total of 26 equity analysts have released a research note on ZION. Five equity analysts rating the company a strong buy, eleven equity analysts rating the company a buy, eleven equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $29.46.
Brief Synopsis About Zions Bancorporation (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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