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

Shares of Hydro One Limited (OTCMKTS:HRNNF) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.

Several research firms have recently weighed in on HRNNF. CIBC restated a “neutral” rating on shares of Hydro One in a research report on Tuesday, October 21st. BMO Capital Markets reissued a “market perform” rating on shares of Hydro One in a research note on Friday, November 14th. Royal Bank Of Canada restated a “sector perform” rating on shares of Hydro One in a research report on Friday, November 14th. Finally, TD Securities reiterated a “hold” rating on shares of Hydro One in a research report on Friday, November 14th.

Hydro One Trading Down 0.9%

Shares of HRNNF stock opened at $38.86 on Friday. The stock has a 50-day simple moving average of $38.51 and a 200 day simple moving average of $36.90. The stock has a market capitalization of $23.31 billion and a P/E ratio of 51.81. Hydro One has a fifty-two week low of $29.67 and a fifty-two week high of $39.83. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.30.

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.