Hydro One Limited (OTCMKTS:HRNNF) Receives Average Recommendation of “Hold” from Brokerages

Shares of Hydro One Limited (OTCMKTS:HRNNF – Get Free Report) have received a consensus rating of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company.

HRNNF has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Hydro One in a research note on Wednesday, August 19th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Hydro One in a research report on Thursday, August 13th. Barclays reissued an “overweight” rating on shares of Hydro One in a research note on Thursday, August 13th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Hydro One in a research report on Thursday, August 13th.

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Hydro One Stock Performance

OTCMKTS HRNNF opened at $36.42 on Wednesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.88 and a current ratio of 0.88. The business’s 50 day moving average price is $40.12 and its 200-day moving average price is $41.31. The company has a market cap of $21.86 billion and a P/E ratio of 21.30. Hydro One has a fifty-two week low of $35.12 and a fifty-two week high of $44.02.

Hydro One (OTCMKTS:HRNNF – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Hydro One had a net margin of 14.88% and a return on equity of 11.02%. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.58 billion.

Hydro One Company Profile

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Hydro One Limited is an electricity transmission and distribution utility serving customers across the Canadian province of Ontario. The company operates and maintains a large-scale electricity network that delivers power to residential, commercial and industrial customers, including communities in rural and remote areas.

Hydro One’s business is organized around two principal activities: high-voltage electricity transmission and local electricity distribution. Its transmission operations move electricity across Ontario’s bulk power system, while its distribution network delivers electricity to homes and businesses and provides related services such as grid maintenance, system upgrades and new connections.

The company traces its origins to Ontario Hydro, the former provincial electricity utility, and was established in its current corporate form following the restructuring of Ontario’s electricity sector in the late 1990s.

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