Capital One Financial Initiates Coverage on Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR)

Equities research analysts at Capital One Financial assumed coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a report released on Wednesday,Briefing.com Automated Import reports. The firm set an “overweight” rating on the stock.

INR has been the topic of a number of other research reports. Raymond James began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set a “strong-buy” rating and a $30.00 price objective on the stock. KeyCorp initiated coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They set an “overweight” rating and a $26.00 price target on the stock. Royal Bank of Canada started coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They issued an “outperform” rating and a $30.00 price objective for the company. Stephens initiated coverage on 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, Bank of America initiated coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They issued a “buy” rating and a $30.00 target price on the stock. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $28.83.

Market Vectors Indian Rupee/USD ETN Price Performance

Shares of NYSEARCA:INR opened at $18.89 on Wednesday. The business has a 50-day simple moving average of $32.41 and a two-hundred day simple moving average of $36.68. Market Vectors Indian Rupee/USD ETN has a fifty-two week low of $18.47 and a fifty-two week high of $23.00.

Insider Buying and Selling at Market Vectors Indian Rupee/USD ETN

In other news, Director Steven D. Gray acquired 15,000 shares of Market Vectors Indian Rupee/USD ETN stock in a transaction dated Monday, February 3rd. The stock was purchased at an average cost of $20.00 per share, with a total value of $300,000.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $300,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Market Vectors Indian Rupee/USD ETN Company Profile

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.