Zacks Research Upgrades Xiaomi (OTCMKTS:XIACY) to Hold

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

Several other equities research analysts also recently issued reports on XIACY. Jefferies Financial Group upgraded shares of Xiaomi from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, September 2nd. China Renaissance cut Xiaomi from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Xiaomi Trading Up 3.0%

Shares of XIACY opened at $17.26 on Monday. Xiaomi has a 52 week low of $13.55 and a 52 week high of $30.41. The firm has a 50-day 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.