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

Shares of Hydro One Limited (OTCMKTS:HRNNF) have been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

HRNNF has been the subject of several recent analyst reports. TD Securities reaffirmed a “hold” rating on shares of Hydro One in a research report on Wednesday, February 18th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Hydro One in a research note on Tuesday, February 17th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Hydro One in a report on Tuesday, February 17th.

Hydro One Stock Down 1.8%

Shares of HRNNF stock opened at $42.18 on Thursday. Hydro One has a twelve month low of $33.13 and a twelve month high of $44.02. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.61 and a current ratio of 0.61. The stock’s 50 day simple moving average is $40.91 and its 200 day simple moving average is $38.62. The company has a market capitalization of $25.30 billion and a price-to-earnings ratio of 53.39.

Hydro One (OTCMKTS:HRNNF) last issued its earnings results on Friday, February 13th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Hydro One had a return on equity of 10.72% and a net margin of 14.82%.The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $2.49 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.