Xiaomi (OTCMKTS:XIACY – Get Free Report) was upgraded by stock 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 research note on Wednesday, August 19th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Xiaomi has a consensus rating of “Hold”.
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Xiaomi Stock Performance
About Xiaomi
Xiaomi Corporation is a China-based technology company that develops and sells consumer electronics, software and internet services. Its product portfolio includes smartphones, tablets, laptops, wearable devices, televisions, smart home appliances and other connected products sold under the Xiaomi and Redmi brands.
The company operates an Internet of Things ecosystem that connects products such as home security devices, routers, appliances and personal electronics through its software and online platforms.
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