Hydro One (OTCMKTS:HRNNF) Downgraded to “Underperform” at Credit Suisse Group

Hydro One (OTCMKTS:HRNNFGet Rating) was downgraded by equities research analysts at Credit Suisse Group from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday, The Fly reports.

Other analysts have also issued research reports about the company. CIBC lifted their target price on Hydro One from C$34.00 to C$35.00 in a report on Tuesday, January 11th. Scotiabank lifted their target price on Hydro One from C$31.00 to C$32.00 in a report on Thursday, January 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $32.71.

Shares of OTCMKTS:HRNNF opened at $27.58 on Tuesday. The stock has a fifty day simple moving average of $25.86 and a two-hundred day simple moving average of $25.08. Hydro One has a 12-month low of $23.00 and a 12-month high of $28.27.

About Hydro One (Get Rating)

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission Business, Distribution Business, and Other. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and 125,000 circuit kilometers of primary low-voltage distribution network.

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