Hydro One Limited (OTCMKTS:HRNNF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Hydro One Limited (OTCMKTS:HRNNF) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company.

A number of research analysts have weighed in on the stock. Jefferies Financial Group reissued an “underperform” rating on shares of Hydro One in a research note on Wednesday, August 19th. Royal Bank Of Canada restated a “sector perform” rating on shares of Hydro One in a research report on Thursday, August 13th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Hydro One in a report on Thursday, August 13th. Finally, Barclays reiterated an “overweight” rating on shares of Hydro One in a research report on Thursday, August 13th.

Hydro One Price Performance

Shares of OTCMKTS HRNNF opened at $36.90 on Wednesday. The firm has a 50-day simple moving average of $39.86 and a 200-day simple moving average of $41.19. The stock has a market capitalization of $22.14 billion and a price-to-earnings ratio of 21.58. 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 $35.24 and a 52 week high of $44.02.

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

About Hydro One

Hydro One Limited is an electricity transmission and distribution utility serving customers across the Canadian province of Ontario. The company operates and maintains a large-scale electricity network that delivers power to residential, commercial and industrial customers, including communities in rural and remote areas.

Hydro One’s business is organized around two principal activities: high-voltage electricity transmission and local electricity distribution. Its transmission operations move electricity across Ontario’s bulk power system, while its distribution network delivers electricity to homes and businesses and provides related services such as grid maintenance, system upgrades and new connections.

The company traces its origins to Ontario Hydro, the former provincial electricity utility, and was established in its current corporate form following the restructuring of Ontario’s electricity sector in the late 1990s.