Zions Reaches 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 Wednesday as it is currently trading at $28.87, above its previous 52-week high of $28.74 with 104,921 shares traded as of 9:36 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.

Zions has a market cap of $5.12 billion and is part of the financial sector and banking industry. Shares are up 33.1% year to date as of the close of trading on Tuesday.

Zions Bancorporation, a financial holding company, provides banking and related services in the United States. The company has a P/E ratio of 21.2, 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, expanding profit margins, solid stock price performance, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Zions Ratings Report.

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