We investigate single crystals of the trigonal antiferromagnet EuZn
2P
2 (
P3m1) by means of electrical transport, magnetization measurements, X-ray magnetic scattering, optical reflectivity, angle-resolved photoemission spectroscopy (ARPES) and ab-initio band structure calculations (DFT+U). We find that the electrical resistivity of EuZn
2P
2 increases strongly upon cooling and can be suppressed in magnetic fields by several orders of magnitude (CMR effect). Resonant magnetic scattering reveals a magnetic ordering vector of
q=(0021), corresponding to an
A-type antiferromagnetic (AFM) order, below
TN=23.7K. We find that the moments are canted out of the
a−a plane by an angle of about
40∘±10∘ degrees and aligned along the [100] in the
a−a plane. We observe nearly isotropic magnetization behavior for low fields and low temperatures which is consistent with the magnetic scattering results. The magnetization measurements show a deviation from the Curie-Weiss behavior below
≈150K, the temperature below which also the field dependence of the material's resistivity starts to increase. An analysis of the infrared reflectivity spectrum at
T=295K allows us to resolve the main phonon bands and intra-/interband transitions, and estimate indirect and direct band gaps of
Eiopt=0.09eV and
Edopt=0.33eV, respectively, which are in good agreement with the theoretically predicted ones. The experimental band structure obtained by ARPES is nearly
T-independent above and below
TN. The comparison of the theoretical and experimental data shows a weak intermixing of the Eu 4
f states close to the
Γ point with the bands formed by the phosphorous 3
p orbitals leading to an induction of a small magnetic moment at the P sites.