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

Hydro One Limited (OTCMKTS:HRNNF) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company.

Several analysts have commented on HRNNF shares. BMO Capital Markets reissued a “market perform” rating on shares of Hydro One in a research report on Tuesday, February 17th. TD Securities reiterated a “hold” rating on shares of Hydro One in a research note on Wednesday, February 18th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Hydro One in a research report on Tuesday, February 17th.

Hydro One Stock Performance

Shares of OTCMKTS HRNNF opened at $41.34 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market capitalization of $24.80 billion and a P/E ratio of 52.33. Hydro One has a 1-year low of $33.13 and a 1-year high of $44.02. The business has a fifty day moving average price of $41.09 and a 200 day moving average price of $38.72.

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

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.