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

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

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

Hydro One Trading Up 1.5%

OTCMKTS HRNNF opened at $42.01 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.42. Hydro One has a 52 week low of $31.30 and a 52 week high of $42.27. The business has a 50 day moving average price of $39.57 and a 200-day moving average price of $37.83. The company has a market cap of $25.20 billion and a price-to-earnings ratio of 53.18.

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

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.