Hydro One Limited (OTCMKTS:HRNNF) Receives Average Rating of “Hold” from Brokerages

Hydro One Limited (OTCMKTS:HRNNF) has been assigned an average rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

Several equities analysts recently issued reports on HRNNF shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Hydro One in a report on Tuesday, February 17th. BMO Capital Markets reissued a “market perform” rating on shares of Hydro One in a report on Tuesday, February 17th. Finally, TD Securities restated a “hold” rating on shares of Hydro One in a research report on Wednesday, February 18th.

Hydro One Trading Down 2.2%

Shares of Hydro One stock opened at $41.23 on Thursday. The company has a 50-day moving average of $40.96 and a two-hundred day moving average of $38.67. Hydro One has a 12-month low of $33.13 and a 12-month high of $44.02. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.42. The stock has a market cap of $24.73 billion and a PE ratio of 52.19.

Hydro One (OTCMKTS:HRNNF) last announced its quarterly earnings results on Friday, February 13th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $2.49 billion. Hydro One had a return on equity of 10.72% and a net margin of 14.82%.

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.