Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Earns Overweight Rating from Analysts at Capital One Financial

Analysts at Capital One Financial initiated coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating on the stock.

A number of other equities analysts have also commented on the company. Royal Bank of Canada assumed coverage on Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They set an “outperform” rating and a $30.00 price target for the company. KeyCorp initiated coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set an “overweight” rating and a $26.00 target price for the company. Raymond James assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They issued a “strong-buy” rating and a $30.00 price target on the stock. Stephens began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set an “overweight” rating and a $30.00 price objective for the company. Finally, Citigroup started coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They issued a “buy” rating and a $27.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $28.83.

Market Vectors Indian Rupee/USD ETN Trading Down 0.1 %

Shares of INR stock opened at $18.89 on Wednesday. The company’s fifty day simple moving average is $32.41 and its two-hundred day simple moving average is $36.68. Market Vectors Indian Rupee/USD ETN has a 52 week low of $18.47 and a 52 week high of $23.00.

Insider Activity

In other Market Vectors Indian Rupee/USD ETN news, Director Steven D. Gray bought 15,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were purchased at an average price of $20.00 per share, with a total value of $300,000.00. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at $300,000. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

About Market Vectors Indian Rupee/USD ETN

International Consolidated Airlines Group, SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, Aer Lingus, and LEVEL brands.