Zions Stock Hits New 52-Week High (ZION)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Zions (Nasdaq: ZION) hit a new 52-week high Friday as it is currently trading at $22.84, above its previous 52-week high of $22.81 with 1.5 million shares traded as of 11:40 a.m. ET. Average volume has been 2.5 million shares over the past 30 days.

Zions has a market cap of $4.16 billion and is part of the financial sector and banking industry. Shares are up 5.5% year to date as of the close of trading on Thursday.

Zions Bancorporation, a bank and financial holding company, provides a range of banking and related services in the United States. The company has a P/E ratio of 22.4, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Zions as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Zions Ratings Report.

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