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

Shares of Hydro One Limited (OTCMKTS:HRNNF) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat Ratings 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 subject of several analyst reports. CIBC reissued a “neutral” rating on shares of Hydro One in a research report on Tuesday, October 21st. TD Securities reiterated a “hold” rating on shares of Hydro One in a research note on Friday, November 14th. BMO Capital Markets restated a “market perform” rating on shares of Hydro One in a research note on Friday, November 14th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Hydro One in a report on Friday, November 14th.

Hydro One Stock Up 1.5%

OTCMKTS:HRNNF opened at $39.94 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market cap of $23.95 billion and a P/E ratio of 53.25. Hydro One has a fifty-two week low of $30.90 and a fifty-two week high of $40.03. The firm has a 50-day simple moving average of $38.81 and a two-hundred day simple moving average of $37.28.

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.