Hydro One Limited (OTCMKTS:HRNNF) Given Average Rating of “Hold” by Analysts

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

A number of equities research analysts have recently commented on HRNNF shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Hydro One in a research note on Tuesday, February 17th. TD Securities reiterated a “hold” rating on shares of Hydro One in a research report on Wednesday, February 18th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Hydro One in a research report on Tuesday, February 17th.

Hydro One Price Performance

Shares of OTCMKTS HRNNF opened at $42.40 on Monday. The stock has a market capitalization of $25.43 billion and a price-to-earnings ratio of 53.67. Hydro One has a 12 month low of $33.56 and a 12 month high of $44.02. The firm’s 50 day simple moving average is $42.02 and its 200-day simple moving average is $39.41. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.61 and a quick ratio of 0.61.

Hydro One (OTCMKTS:HRNNF) last issued 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. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Hydro One had a net margin of 14.82% and a return on equity of 10.72%.

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.