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

Key Points

• Analyst consensus is “Hold”: Seven analysts covering Hydro One include five hold ratings, one sell rating and one buy rating. Recent firms largely maintained neutral views, though Jefferies rated the stock “underperform” and Barclays rated it “overweight.”
• Shares opened at $36.42, below their 50-day moving average of $40.12 and 200-day moving average of $41.31. Hydro One has a market capitalization of approximately $21.86 billion and a 12-month trading range of $35.12 to $44.02.
• Quarterly results exceeded expectations: Hydro One reported earnings of $0.45 per share versus the $0.40 consensus estimate, while revenue reached $1.62 billion compared with expectations of $1.58 billion.

Shares of Hydro One Limited (OTCMKTS:HRNNF - Get Free Report) have received an average recommendation of "Hold" from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company.

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

Hydro One Price Performance

Shares of Hydro One stock opened at $36.42 on Wednesday. The stock has a 50 day moving average of $40.12 and a 200 day moving average of $41.31. Hydro One has a 12 month low of $35.12 and a 12 month high of $44.02. The firm has a market cap of $21.86 billion and a PE ratio of 21.30. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.49.

Hydro One (OTCMKTS:HRNNF - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.05. The business had revenue of $1.62 billion during the quarter, compared to analysts' expectations of $1.58 billion. Hydro One had a return on equity of 11.02% and a net margin of 14.88%.

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.

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