Hydro One Limited (OTCMKTS:HRNNF) Given Consensus Recommendation of “Hold” by Brokerages

Hydro One Limited (OTCMKTS:HRNNF) has received an average recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company.

HRNNF has been the topic of several research analyst reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of Hydro One in a research note on Tuesday, February 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Hydro One in a report on Tuesday, February 17th. Finally, TD Securities reaffirmed a “hold” rating on shares of Hydro One in a research note on Wednesday, February 18th.

Hydro One Stock Performance

OTCMKTS:HRNNF opened at $42.38 on Friday. The company has a market cap of $25.42 billion and a P/E ratio of 53.65. The firm’s 50 day moving average is $39.71 and its two-hundred day moving average is $37.89. Hydro One has a fifty-two week low of $31.50 and a fifty-two week high of $42.38. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.42.

Hydro One (OTCMKTS:HRNNF) last released its quarterly earnings data on Friday, February 13th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Hydro One had a return on equity of 10.72% and a net margin of 14.82%.The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $2.49 billion.

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.