Xiaomi (OTCMKTS:XIACY – Get Free Report) was upgraded by research analysts at Jefferies Financial Group from a “moderate sell” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks reports.
Separately, China Renaissance raised Xiaomi to a “hold” rating in a report on Wednesday, August 19th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.
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Xiaomi Stock Performance
About Xiaomi
Xiaomi Corporation is a China-based technology company that designs, develops and sells consumer electronics and related internet services. Founded in 2010 by Lei Jun, the company is best known for its smartphones, tablets, laptops, wearable devices and other smart hardware, which it markets under the Xiaomi and Redmi brands.
The company has expanded its product portfolio to include smart-home and Internet of Things devices, such as televisions, routers, connected appliances, security products and personal electronics.
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