Hydro One Limited (OTCMKTS:HRNNF – Get Free Report) has earned an average recommendation of “Reduce” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company.
HRNNF has been the subject of a number of analyst reports. BMO Capital Markets reiterated a “market perform” rating on shares of Hydro One in a research note on Thursday, May 14th. Scotiabank reaffirmed a “sector perform” rating on shares of Hydro One in a report on Thursday, May 14th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Hydro One in a research report on Monday, April 20th. Jefferies Financial Group downgraded Hydro One from a “hold” rating to an “underperform” rating in a report on Monday, June 1st. Finally, TD Securities reissued a “hold” rating on shares of Hydro One in a research report on Thursday, May 14th.
View Our Latest Stock Report on Hydro One
Hydro One Price Performance
Hydro One (OTCMKTS:HRNNF – Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Hydro One had a net margin of 14.80% and a return on equity of 10.83%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.79 billion.
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.
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