Hydro One Ltd (H) to Release Quarterly Earnings on Friday
Hydro One Ltd (TSE:H) is scheduled to issue its quarterly earnings data before the market opens on Friday, November 10th. Analysts expect the company to announce earnings of C$0.39 per share for the quarter.
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Several equities analysts have commented on H shares. BMO Capital Markets lowered their price target on Hydro One from C$26.00 to C$24.00 in a report on Wednesday, July 19th. CIBC upgraded Hydro One from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$27.00 to C$28.00 in a report on Thursday, August 10th. Barclays PLC lowered their price target on Hydro One from C$24.00 to C$23.00 in a report on Monday, October 2nd. TD Securities increased their price target on Hydro One from C$23.00 to C$24.00 and gave the company a “hold” rating in a report on Thursday, August 10th. Finally, CSFB reiterated a “neutral” rating and set a C$26.00 price target on shares of Hydro One in a report on Monday, August 14th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Hydro One has an average rating of “Hold” and a consensus price target of C$25.75.
Hydro One Company Profile
Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution utility in Ontario. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission network and approximately 123,000 circuit kilometers of low-voltage distribution network; and 306 transmission stations, as well as 1,026 distribution and regulating stations.
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