Shares of Hydro One Limited (OTCMKTS:HRNNF – Get Free Report) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company.
A number of research analysts have commented on HRNNF shares. Barclays reaffirmed an “overweight” rating on shares of Hydro One in a research report on Friday, October 16th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Hydro One in a research report on Thursday, August 13th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Hydro One in a research note on Wednesday, October 28th. BMO Capital Markets restated a “market perform” rating on shares of Hydro One in a report on Thursday, August 13th. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Hydro One in a report on Wednesday, August 19th.
Get Our Latest Analysis on Hydro One
Hydro One Stock Performance
Shares of Hydro One stock opened at $41.00 on Thursday. Hydro One has a 52 week low of $35.46 and a 52 week high of $44.02. The business’s fifty day simple moving average is $37.39 and its 200-day simple moving average is $40.42. The firm has a market cap of $24.60 billion and a PE ratio of 23.98. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.49.
Hydro One (OTCMKTS:HRNNF – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.58 billion. Hydro One had a return on equity of 11.02% and a net margin of 14.88%.
About Hydro One
Hydro One Limited is an electricity transmission and distribution company based in Ontario, Canada. Through its operating subsidiaries, including Hydro One Networks Inc, the company owns and operates a large transmission network and provides electricity distribution services to residential, commercial and industrial customers across the province.
The company’s activities include transporting high-voltage electricity from generating facilities to local utilities and large customers, distributing electricity through local networks, and maintaining and upgrading transmission and distribution infrastructure.
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