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

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

HRNNF has been the subject of several analyst reports. BMO Capital Markets restated a “market perform” rating on shares of Hydro One in a research report on Tuesday. TD Securities reiterated a “hold” rating on shares of Hydro One in a research note on Wednesday. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Hydro One in a report on Tuesday.

Hydro One Price Performance

Shares of Hydro One stock opened at $41.37 on Friday. The firm has a market cap of $24.81 billion and a P/E ratio of 52.37. The firm’s 50-day simple moving average is $39.43 and its 200-day simple moving average is $37.75. Hydro One has a twelve month low of $31.00 and a twelve month high of $42.08. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.44 and a current ratio of 0.61.

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

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.