Hydro One Limited (OTCMKTS:HRNNF) Given Consensus Recommendation of “Hold” by Analysts

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

A number of equities research analysts have recently weighed in on the company. TD Securities reaffirmed a “hold” rating on shares of Hydro One in a research note on Friday, November 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Hydro One in a research report on Friday, November 14th. CIBC reissued a “neutral” rating on shares of Hydro One in a research report on Tuesday, October 21st. Finally, BMO Capital Markets restated a “market perform” rating on shares of Hydro One in a report on Friday, November 14th.

Hydro One Stock Down 0.7%

Hydro One stock opened at $39.43 on Wednesday. The company has a market capitalization of $23.65 billion and a PE ratio of 52.57. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.44 and a current ratio of 0.44. Hydro One has a fifty-two week low of $30.84 and a fifty-two week high of $39.83. The firm has a 50 day moving average price of $38.79 and a 200 day moving average price of $37.19.

Hydro One Company Profile

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.