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

Shares of Hydro One Limited (OTCMKTS:HRNNF) have been given a consensus rating of “Hold” by the six brokerages that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation.

HRNNF has been the topic of several analyst reports. Scotiabank reaffirmed a “sector perform” rating on shares of Hydro One in a report on Thursday. TD Securities reissued a “hold” rating on shares of Hydro One in a report on Thursday. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Hydro One in a research report on Monday, April 20th. BMO Capital Markets restated a “market perform” rating on shares of Hydro One in a report on Thursday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Hydro One in a report on Tuesday, February 17th.

Hydro One Price Performance

Shares of OTCMKTS HRNNF remained flat at $42.88 during trading hours on Thursday. The company had a trading volume of 98,027 shares, compared to its average volume of 121,503. The company has a market capitalization of $25.73 billion and a P/E ratio of 54.28. Hydro One has a twelve month low of $33.56 and a twelve month high of $44.02. The stock has a fifty day moving average price of $42.50 and a two-hundred day moving average price of $40.25. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.42.

Hydro One (OTCMKTS:HRNNF) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Hydro One had a net margin of 14.82% and a return on equity of 10.72%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.79 billion.

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.