Hydro One Limited (OTCMKTS:HRNNF) Stock Now Rated “Hold” by Wall Street Analysts

Hydro One Limited (OTCMKTS:HRNNF) has earned an average recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company.

HRNNF has been the subject of a number of analyst reports. Barclays reiterated an “overweight” rating on shares of Hydro One in a report on Thursday, August 13th. BMO Capital Markets restated a “market perform” rating on shares of Hydro One in a report on Thursday, August 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Hydro One in a research 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.

Hydro One Stock Up 1.8%

Shares of OTCMKTS HRNNF opened at $36.20 on Friday. 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 has a 52 week low of $35.46 and a 52 week high of $44.02. The firm’s fifty day moving average is $37.80 and its 200 day moving average is $40.38. The company has a market cap of $21.73 billion and a price-to-earnings ratio of 20.80.

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

Hydro One Company Profile

Hydro One Limited is an electricity transmission and distribution utility serving customers across Ontario, Canada. The company operates and maintains a large transmission network that moves electricity from generating facilities to local distribution systems, as well as distribution infrastructure that delivers power to homes, businesses and other customers.

Through its regulated utility operations, Hydro One provides services including electricity delivery, grid maintenance, system planning, emergency restoration and connection of new customers.