Hydro One Limited (OTCMKTS:HRNNF) Given Consensus Rating of “Hold” by Analysts

Hydro One Limited (OTCMKTS:HRNNF) has been assigned a consensus rating of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company.

Several research analysts have recently commented on HRNNF shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of Hydro One in a research note on Thursday, August 13th. BMO Capital Markets reiterated a “market perform” rating on shares of Hydro One in a report on Thursday, August 13th. Barclays reissued an “overweight” rating on shares of Hydro One in a research report on Thursday, August 13th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Hydro One in a research report on Wednesday, August 19th.

Hydro One Trading Up 0.3%

Shares of OTCMKTS HRNNF opened at $36.69 on Wednesday. Hydro One has a twelve month low of $35.24 and a twelve month high of $44.02. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.49. The stock has a fifty day simple moving average of $39.66 and a 200-day simple moving average of $41.12. The stock has a market capitalization of $22.02 billion and a PE ratio of 21.46.

Hydro One (OTCMKTS:HRNNF) last announced its earnings results on Wednesday, August 12th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Hydro One had a return on equity of 11.02% and a net margin of 14.88%.

About Hydro One

Hydro One Limited is an electricity transmission and distribution utility serving customers across the Canadian province of Ontario. The company operates and maintains a large-scale electricity network that delivers power to residential, commercial and industrial customers, including communities in rural and remote areas.

Hydro One’s business is organized around two principal activities: high-voltage electricity transmission and local electricity distribution. Its transmission operations move electricity across Ontario’s bulk power system, while its distribution network delivers electricity to homes and businesses and provides related services such as grid maintenance, system upgrades and new connections.

The company traces its origins to Ontario Hydro, the former provincial electricity utility, and was established in its current corporate form following the restructuring of Ontario’s electricity sector in the late 1990s.