Hydro One Limited (OTCMKTS:HRNNF) Stock Rated “Hold” by Sell-Side Brokerages

Hydro One Limited (OTCMKTS:HRNNF) has earned an average recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company.

HRNNF has been the subject of a number of recent analyst reports. Barclays reaffirmed an “overweight” rating on shares of Hydro One in a research report on Friday, October 16th. Jefferies Financial Group reissued an “underperform” rating on shares of Hydro One in a research note on Wednesday, August 19th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Hydro One in a report on Wednesday, October 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Hydro One in a research note on Thursday, August 13th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Hydro One in a research report on Thursday, August 13th.

Hydro One Price Performance

HRNNF stock opened at $40.53 on Thursday. The stock has a market capitalization of $24.32 billion and a price-to-earnings ratio of 23.98. The firm’s 50-day moving average price is $37.63 and its two-hundred day moving average price is $40.48. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.49. Hydro One has a 12-month low of $35.46 and a 12-month high of $44.02.

Hydro One (OTCMKTS:HRNNF) last posted its earnings results on Tuesday, November 10th. The company reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.66 billion. Hydro One had a net margin of 14.49% and a return on equity of 10.87%.

About Hydro One

Hydro One is an electricity transmission and distribution utility serving communities across Ontario, Canada. The company transports electricity over high-voltage transmission lines and delivers it through local distribution networks to homes and businesses. Its activities include operating, maintaining and upgrading electricity infrastructure, as well as planning and building transmission and distribution facilities. Hydro One also provides related services to support the reliability of the province’s electricity system.