Hydro One Limited (OTCMKTS:HRNNF) Given Consensus Rating of “Reduce” by Brokerages

Shares of Hydro One Limited (OTCMKTS:HRNNF) have received an average rating of “Reduce” from the seven analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company.

Several equities analysts have commented on the company. BMO Capital Markets reiterated a “market perform” rating on shares of Hydro One in a research report on Thursday, May 14th. Scotiabank reissued a “sector perform” rating on shares of Hydro One in a research note on Thursday, May 14th. Jefferies Financial Group cut Hydro One from a “hold” rating to an “underperform” rating in a report on Monday, June 1st. TD Securities reaffirmed a “hold” rating on shares of Hydro One in a research note on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Hydro One in a report on Monday, April 20th.

Hydro One Stock Up 0.0%

OTCMKTS HRNNF opened at $41.77 on Tuesday. The business has a fifty day moving average price of $41.30 and a two-hundred day moving average price of $41.47. The stock has a market capitalization of $25.07 billion and a PE ratio of 33.15. Hydro One has a fifty-two week low of $35.12 and a fifty-two week high of $44.02. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.54 and a quick ratio of 0.54.

Hydro One (OTCMKTS:HRNNF) last issued its earnings results on Wednesday, May 13th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. Hydro One had a return on equity of 10.83% and a net margin of 14.80%.The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.79 billion.

About Hydro One

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.