Zacks Research Upgrades Xiaomi (OTCMKTS:XIACY) to “Hold”

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

Other analysts have also issued research reports about the company. Jefferies Financial Group upgraded Xiaomi from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, September 2nd. China Renaissance lowered shares of Xiaomi from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Xiaomi currently has a consensus rating of “Reduce”.

Xiaomi Price Performance

XIACY opened at $17.26 on Monday. The firm’s fifty day simple moving average is $16.77. Xiaomi has a 52-week low of $13.55 and a 52-week high of $30.41.

About Xiaomi

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.