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

Hydro One Limited (OTCMKTS:HRNNF) has been given a consensus recommendation of “Hold” by the seven research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company.

A number of analysts have weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Hydro One in a research report on Thursday, August 13th. TD Securities reiterated a “hold” rating on shares of Hydro One in a report on Thursday, May 14th. Barclays reissued an “overweight” rating on shares of Hydro One in a research report on Thursday, August 13th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Hydro One in a report on Thursday, August 13th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Hydro One in a research note on Thursday, May 14th.

Hydro One Price Performance

Shares of OTCMKTS:HRNNF opened at $38.67 on Friday. The company has a market cap of $23.21 billion and a PE ratio of 22.61. Hydro One has a fifty-two week low of $35.12 and a fifty-two week high of $44.02. The firm has a 50-day simple moving average of $41.06 and a 200 day simple moving average of $41.65. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.49.

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

About Hydro One

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.