Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Receives Average Rating of “N/A” from Brokerages

Shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) have been assigned an average recommendation of “N/A” from the zero brokerages that are presently covering the stock, MarketBeat reports.

A number of brokerages recently commented on INR. KeyCorp began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They set an “overweight” rating and a $26.00 price target on the stock. Raymond James decreased their price objective on shares of Market Vectors Indian Rupee/USD ETN from $30.00 to $29.00 and set a “strong-buy” rating on the stock in a research report on Friday, April 4th. Capital One Financial assumed coverage on Market Vectors Indian Rupee/USD ETN in a research report on Wednesday, February 26th. They set an “overweight” rating on the stock. Royal Bank of Canada initiated coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They issued an “outperform” rating and a $30.00 target price on the stock. Finally, Stephens reiterated an “overweight” rating and issued a $30.00 price objective on shares of Market Vectors Indian Rupee/USD ETN in a research report on Friday, March 28th.

Market Vectors Indian Rupee/USD ETN Price Performance

NYSEARCA:INR opened at $15.47 on Wednesday. Market Vectors Indian Rupee/USD ETN has a 1 year low of $13.64 and a 1 year high of $23.00. The business has a fifty day simple moving average of $17.83 and a two-hundred day simple moving average of $30.98.

Insider Transactions at Market Vectors Indian Rupee/USD ETN

In related news, Director Steven D. Gray purchased 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, for a total transaction 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. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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.