Hydro One Limited (OTCMKTS:HRNNF) Receives Consensus Recommendation of “Hold” from Analysts

Hydro One Limited (OTCMKTS:HRNNF) has been given an average rating of “Hold” by the six ratings firms that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation.

A number of brokerages have weighed in on HRNNF. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Hydro One in a report on Monday, April 20th. TD Securities reissued a “hold” rating on shares of Hydro One in a report on Thursday, May 14th. Scotiabank restated a “sector perform” rating on shares of Hydro One in a research note on Thursday, May 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Hydro One in a report on Tuesday, February 17th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Hydro One in a research report on Thursday, May 14th.

Hydro One Stock Performance

Shares of HRNNF opened at $42.86 on Thursday. Hydro One has a 1 year low of $33.56 and a 1 year high of $44.02. The stock has a market capitalization of $25.72 billion and a P/E ratio of 34.02. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.54 and a current ratio of 0.54. The company’s fifty day moving average is $42.48 and its two-hundred day moving average is $40.43.

Hydro One (OTCMKTS:HRNNF) last issued its earnings results on Wednesday, May 13th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.79 billion. Hydro One had a net margin of 14.80% and a return on equity of 10.83%.

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.