Hydro One Limited (OTCMKTS:HRNNF) Given Consensus Recommendation of “Hold” by Brokerages

Hydro One Limited (OTCMKTS:HRNNF) has been assigned an average rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company.

A number of research analysts have commented on HRNNF shares. Royal Bank Of Canada restated a “sector perform” rating on shares of Hydro One in a research note on Thursday, August 13th. Barclays reaffirmed an “overweight” rating on shares of Hydro One in a research note on Thursday, August 13th. TD Securities reiterated a “hold” rating on shares of Hydro One in a report on Thursday, May 14th. BMO Capital Markets reissued a “market perform” rating on shares of Hydro One in a research note on Thursday, August 13th. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Hydro One in a report on Wednesday, August 19th.

Hydro One Price Performance

Hydro One stock opened at $38.59 on Friday. The company’s 50 day simple moving average is $40.95 and its 200-day simple moving average is $41.63. The company has a market capitalization of $23.16 billion and a price-to-earnings ratio of 22.57. Hydro One has a 1 year low of $35.12 and a 1 year high of $44.02. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.88 and a current ratio of 0.88.

Hydro One (OTCMKTS:HRNNF) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. Hydro One had a net margin of 14.88% and a return on equity of 11.02%. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.58 billion.

Hydro One Company Profile

Hydro One Ltd. is a Canadian electricity transmission and distribution utility headquartered in Toronto, Ontario. The company operates the largest high-voltage transmission network in the province, delivering power from generating stations to local distributors, municipalities and major industrial customers. In addition to its transmission business, Hydro One provides distribution services to a wide range of residential, commercial and industrial end users, maintaining poles, wires and related infrastructure that connect approximately 1.4 million customers across urban and rural communities.

Tracing its origins to the Ontario Hydro Electric Power Commission established in 1906, Hydro One emerged in its current form following the restructuring of Ontario’s vertically integrated power authority in the late 1990s and early 2000s.