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

Hydro One Limited (OTCMKTS:HRNNF) has received a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

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

Hydro One Price Performance

Shares of Hydro One stock opened at $39.33 on Wednesday. The company has a 50-day simple moving average of $38.73 and a two-hundred day simple moving average of $37.14. Hydro One has a twelve month low of $30.84 and a twelve month high of $39.83. The stock has a market capitalization of $23.59 billion and a price-to-earnings ratio of 52.44. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.30.

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.