Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Now Covered by Capital One Financial

Capital One Financial initiated coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a report issued on Wednesday, MarketBeat.com reports. The firm issued an overweight rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Bank of America started coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They issued a “buy” rating and a $30.00 price objective for the company. Stephens started coverage on Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They issued an “overweight” rating and a $30.00 price objective on the stock. Raymond James started coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They set a “strong-buy” rating and a $30.00 price objective on the stock. Royal Bank of Canada initiated coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They issued an “outperform” rating and a $30.00 target price for the company. Finally, KeyCorp started coverage on Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They set an “overweight” rating and a $26.00 price target on the stock. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Market Vectors Indian Rupee/USD ETN presently has a consensus rating of “Buy” and a consensus target price of $28.83.

Market Vectors Indian Rupee/USD ETN Trading Down 0.8 %

Shares of NYSEARCA INR opened at $18.75 on Wednesday. Market Vectors Indian Rupee/USD ETN has a fifty-two week low of $18.09 and a fifty-two week high of $23.00. The business’s 50 day moving average price is $32.00 and its 200-day moving average price is $36.54.

Insider Buying and Selling

In related news, Director Steven D. Gray acquired 15,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were purchased at an average cost of $20.00 per share, with a total value of $300,000.00. Following the completion of the acquisition, the director now directly owns 15,000 shares of the company’s stock, valued at $300,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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.