Hydro One Limited (OTCMKTS:HRNNF) Receives Consensus Recommendation of “Hold” from Brokerages

Hydro One Limited (OTCMKTS:HRNNF) has been given a consensus rating of “Hold” by the seven analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company.

HRNNF has been the topic of a number of research analyst reports. BMO Capital Markets reissued a “market 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. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Hydro One in a report on Thursday, August 13th. Jefferies Financial Group reissued an “underperform” rating on shares of Hydro One in a report on Wednesday, August 19th. Finally, Scotiabank restated a “sector perform” rating on shares of Hydro One in a research report on Thursday, May 14th.

Hydro One Price Performance

HRNNF stock opened at $38.05 on Friday. The firm has a 50 day simple moving average of $40.87 and a two-hundred day simple moving average of $41.60. The stock has a market cap of $22.83 billion and a PE ratio of 22.25. Hydro One has a one year low of $35.12 and a one year high of $44.02. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.88 and a quick ratio of 0.88.

Hydro One (OTCMKTS:HRNNF) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.45 earnings per share for the quarter, beating 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 analysts’ expectations of $1.58 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.