Xiaomi (OTCMKTS:XIACY) Stock Rating Raised to “Hold” at Zacks Research

Xiaomi (OTCMKTS:XIACY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

Several other research firms have also commented on XIACY. China Renaissance lowered shares of Xiaomi from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. Jefferies Financial Group upgraded shares of Xiaomi from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Xiaomi has a consensus rating of “Reduce”.

Xiaomi Stock Up 3.0%

OTCMKTS:XIACY opened at $17.26 on Monday. Xiaomi has a 1-year low of $13.55 and a 1-year high of $30.41. The business has a 50-day simple moving average of $16.77.

Xiaomi Company Profile

Xiaomi Corporation is a China-based technology company founded in 2010 by Lei Jun. The company develops and sells consumer electronics and smart hardware, with smartphones as its best-known product category. Its devices include flagship, mid-range and entry-level smartphones marketed under the Xiaomi, Redmi and POCO brands.

Xiaomi also offers tablets, laptops, smart televisions, wearables, audio products, home appliances and other connected devices. Through its smart-home ecosystem, the company connects products such as cameras, routers, security systems and household appliances through software and internet-based services.