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

KeyCorp started coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a report published on Tuesday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $26.00 price objective on the stock.

Several other research firms have also recently issued reports on INR. Raymond James started coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set a “strong-buy” rating and a $30.00 target price for the company. Bank of America assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set a “buy” rating and a $30.00 target price for the company. Stephens began coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They issued an “overweight” rating and a $30.00 price target on the stock. Finally, Royal Bank of Canada assumed coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They issued an “outperform” rating and a $30.00 target price on the stock. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $28.83.

Market Vectors Indian Rupee/USD ETN Stock Down 1.2 %

NYSEARCA INR opened at $18.90 on Tuesday. Market Vectors Indian Rupee/USD ETN has a 52 week low of $18.47 and a 52 week high of $23.00. The stock’s 50-day moving average price is $32.41 and its 200-day moving average price is $36.68.

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

In other news, Director Steven D. Gray purchased 15,000 shares of the company’s stock in a transaction that occurred on 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 purchase, the director now owns 15,000 shares in the company, valued at approximately $300,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.