Hydro One Limited (OTCMKTS:HRNNF) Stock Now Rated “Hold” by Sell-Side Brokerages

Hydro One Limited (OTCMKTS:HRNNF) has received a consensus rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One investment 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 issued reports on HRNNF shares. Barclays reiterated an “overweight” rating on shares of Hydro One in a research note on Friday, October 16th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Hydro One in a research report on Thursday, August 13th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Hydro One in a research note on Wednesday, October 28th. Jefferies Financial Group reissued an “underperform” rating on shares of Hydro One in a report on Wednesday, August 19th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Hydro One in a research note on Thursday, August 13th.

Hydro One Stock Performance

Shares of HRNNF opened at $40.89 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.49. The stock has a market cap of $24.54 billion and a P/E ratio of 23.98. The business’s 50 day moving average price is $37.55 and its 200-day moving average price is $40.46. Hydro One has a 52 week low of $35.46 and a 52 week high of $44.02.

Hydro One (OTCMKTS:HRNNF) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.45 earnings per share 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 company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.58 billion.

Hydro One Company Profile

Hydro One is an electricity transmission and distribution utility serving communities across Ontario, Canada. The company transports electricity over high-voltage transmission lines and delivers it through local distribution networks to homes and businesses.

Its activities include operating, maintaining and upgrading electricity infrastructure, as well as planning and building transmission and distribution facilities. Hydro One also provides related services to support the reliability of the province’s electricity system.

The company traces its roots to the Hydro-Electric Power Commission of Ontario, established in 1906, and adopted the Hydro One name in 1999.