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 Tuesday as it is currently trading at $25.88, above its previous 52-week high of $25.86 with 401,778 shares traded as of 10:41 a.m. ET. Average volume has been two million shares over the past 30 days.

Zions has a market cap of $4.63 billion and is part of the financial sector and banking industry. Shares are up 17.5% year to date as of the close of trading on Monday.

Zions Bancorporation, a financial holding company, provides banking and related services in the United States. The company has a P/E ratio of 19.2, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Zions as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income, expanding profit margins, solid stock price performance and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Zions Ratings Report.

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