Hydro One (OTCMKTS:HRNNF) Hits New 1-Year High – Here’s Why

Hydro One Limited (OTCMKTS:HRNNF) hit a new 52-week high on Tuesday . The stock traded as high as $39.1180 and last traded at $39.1180, with a volume of 101 shares trading hands. The stock had previously closed at $38.85.

Wall Street Analysts Forecast Growth

HRNNF has been the subject of a number of recent research reports. Raymond James Financial reissued a “market perform” rating on shares of Hydro One in a research report on Thursday, August 14th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Hydro One in a research report on Friday, November 14th. TD Securities reaffirmed a “hold” rating on shares of Hydro One in a report on Friday, November 14th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Hydro One in a research report on Friday, November 14th. Finally, CIBC reissued a “neutral” rating on shares of Hydro One in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Hydro One Stock Up 0.9%

The stock has a 50 day moving average of $36.65 and a 200-day moving average of $36.25.

Hydro One Company Profile

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.