Hydro One Limited (OTCMKTS:HRNNF) Given Average Rating of “Hold” by Brokerages

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

Several equities analysts recently issued reports on HRNNF shares. BMO Capital Markets reiterated a “market perform” rating on shares of Hydro One in a research report on Friday, November 14th. Raymond James Financial reaffirmed a “market perform” rating on shares of Hydro One in a research note on Thursday, August 14th. CIBC reissued a “neutral” rating on shares of Hydro One in a research report on Tuesday, October 21st. Royal Bank Of Canada restated a “sector perform” rating on shares of Hydro One in a report on Friday, November 14th. Finally, TD Securities reaffirmed a “hold” rating on shares of Hydro One in a research report on Friday, November 14th.

Hydro One Trading Down 0.4%

HRNNF stock opened at $38.11 on Tuesday. Hydro One has a 1-year low of $29.67 and a 1-year high of $39.22. The business’s 50-day moving average price is $37.33 and its two-hundred day moving average price is $36.46.

Hydro One Company Profile

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.