Zions Bancorporation (ZION) : Analyst Rating Update

Zions Bancorporation (ZION) : Zacks Investment Research ranks Zions Bancorporation (ZION) as 3, which is a Hold recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 20 research analysts is 2.13, which indicates as a Buy.

Zions Bancorporation (ZION) : The highest level Zions Bancorporation (ZION) is projected to reach is $36 for the short term and the lowest estimate is at $22. The consolidated price target from 19 rating analysts who initiate coverage on the stock is $30.53 and the possibility the share price can swing is $3.22.

Zions Bancorporation (NASDAQ:ZION): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.29 and $23.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.99, notching a gain of 2.35% for the day. The total traded volume was 5,310,937 . The stock had closed at $23.44 on the previous day.

Also, In a research note released to the investors, Susquehanna upgrades its rating on Zions Bancorporation (NASDAQ:ZION).The analysts at the brokerage house have a current rating of Positive on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 7, 2016. The company shares have dropped -21.21% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $32.42 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $27.02 and the 200 Day Moving Average price is recorded at $24.96.

Zions Bancorporation is a financial holding company. The Company owns and operates eight commercial banks with a total of approximately 460 domestic branches as of December 31, 2014. The Company provides banking and related services through its banking and other subsidiaries, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The Company focuses on providing community banking services by its core business lines of 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.

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