Hydro One Limited (OTCMKTS:HRNNF) Given Consensus Rating of “Reduce” by Brokerages

Shares of Hydro One Limited (OTCMKTS:HRNNF) have earned an average recommendation of “Reduce” from the seven research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company.

A number of research analysts have weighed in on the stock. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Hydro One in a research report on Monday, April 20th. Jefferies Financial Group lowered shares of Hydro One from a “hold” rating to an “underperform” rating in a report on Monday, June 1st. TD Securities reaffirmed a “hold” rating on shares of Hydro One in a research note on Thursday, May 14th. Scotiabank reiterated a “sector perform” rating on shares of Hydro One in a report on Thursday, May 14th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Hydro One in a research report on Thursday, May 14th.

Hydro One Price Performance

Shares of HRNNF stock opened at $41.77 on Tuesday. The stock has a market cap of $25.07 billion and a P/E ratio of 33.15. Hydro One has a 52 week low of $35.12 and a 52 week high of $44.02. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.40. The company’s fifty day simple moving average is $41.28 and its two-hundred day simple moving average is $41.52.

Hydro One (OTCMKTS:HRNNF) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. Hydro One had a net margin of 14.80% and a return on equity of 10.83%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.79 billion.

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.