Hydro One Limited (OTCMKTS:HRNNF) Given Consensus Recommendation of “Hold” by Analysts

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

HRNNF has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Hydro One in a report on Tuesday. TD Securities reaffirmed a “hold” rating on shares of Hydro One in a research note on Wednesday. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Hydro One in a research note on Tuesday.

Hydro One Stock Down 0.3%

OTCMKTS HRNNF opened at $41.37 on Friday. The stock’s 50 day simple moving average is $39.43 and its 200 day simple moving average is $37.75. Hydro One has a one year low of $31.00 and a one year high of $42.08. The firm has a market cap of $24.81 billion and a PE ratio of 52.37. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.61 and a quick ratio of 0.44.

Hydro One (OTCMKTS:HRNNF) last posted its quarterly earnings data on Friday, February 13th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company 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%.

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.