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

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

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

Hydro One Stock Performance

HRNNF opened at $40.44 on Monday. The firm has a market cap of $24.27 billion and a P/E ratio of 32.10. Hydro One has a 1-year low of $33.56 and a 1-year high of $44.02. The company has a 50 day simple moving average of $42.13 and a two-hundred day simple moving average of $40.86. 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 released its quarterly earnings data on Wednesday, May 13th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. Hydro One had a net margin of 14.80% and a return on equity of 10.83%. The firm 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.