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

Shares of Hydro One Limited (OTCMKTS:HRNNF) have been assigned an average rating of “Hold” from the six research firms that are covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating.

Several analysts recently weighed in on the company. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Hydro One in a research report on Monday, April 20th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Hydro One in a research note on Tuesday, February 17th. BMO Capital Markets restated a “market perform” rating on shares of Hydro One in a report on Thursday. TD Securities reiterated a “hold” rating on shares of Hydro One in a research note on Thursday. Finally, Scotiabank restated a “sector perform” rating on shares of Hydro One in a research note on Thursday.

Hydro One Trading Up 1.0%

Shares of OTCMKTS HRNNF opened at $42.17 on Thursday. Hydro One has a 1 year low of $33.56 and a 1 year high of $44.02. The stock has a market cap of $25.31 billion and a P/E ratio of 53.38. The firm has a 50-day moving average of $42.52 and a 200 day moving average of $40.36. 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 announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Hydro One had a net margin of 14.80% and a return on equity of 10.83%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.79 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.