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

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

A number of equities analysts have issued reports on the company. TD Securities reaffirmed a “hold” rating on shares of Hydro One in a research note on Wednesday, February 18th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Hydro One in a research note on Tuesday, February 17th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Hydro One in a research report on Tuesday, February 17th.

Hydro One Stock Up 1.1%

Hydro One stock opened at $42.85 on Friday. The stock has a market cap of $25.70 billion and a price-to-earnings ratio of 54.24. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.42. The company’s 50-day moving average price is $39.79 and its two-hundred day moving average price is $37.93. Hydro One has a 52 week low of $31.73 and a 52 week high of $42.89.

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

About Hydro One

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.