Hydro One Limited (OTCMKTS:HRNNF) Stock Rated “Hold” by Wall Street Analysts

Shares of Hydro One Limited (OTCMKTS:HRNNF) have received an average rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company.

A number of equities analysts recently weighed in on HRNNF shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of Hydro One in a report on Thursday, August 13th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Hydro One in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Hydro One in a report on Wednesday, October 28th. Jefferies Financial Group restated an “underperform” rating on shares of Hydro One in a research report on Wednesday, August 19th. Finally, Barclays reaffirmed an “overweight” rating on shares of Hydro One in a research note on Friday, October 16th.

Hydro One Trading Up 2.7%

Shares of Hydro One stock opened at $41.00 on Thursday. The firm has a 50-day simple moving average of $37.39 and a two-hundred day simple moving average of $40.42. The company has a market cap of $24.60 billion and a P/E ratio of 23.98. Hydro One has a fifty-two week low of $35.46 and a fifty-two week high of $44.02. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.88 and a current ratio of 0.88.

Hydro One (OTCMKTS:HRNNF) last posted its earnings results on Wednesday, August 12th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Hydro One had a return on equity of 11.02% and a net margin of 14.88%. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.58 billion.

Hydro One Company Profile

Hydro One Limited is an electricity transmission and distribution company based in Ontario, Canada. Through its operating subsidiaries, including Hydro One Networks Inc, the company owns and operates a large transmission network and provides electricity distribution services to residential, commercial and industrial customers across the province.

The company’s activities include transporting high-voltage electricity from generating facilities to local utilities and large customers, distributing electricity through local networks, and maintaining and upgrading transmission and distribution infrastructure.