Hydro One (TSE:H) Upgraded to Neutral at CSFB

CSFB upgraded shares of Hydro One (TSE:H) from an underperform rating to a neutral rating in a report published on Thursday, BayStreet.CA reports. The brokerage currently has C$24.00 price objective on the stock, up from their prior price objective of C$20.00.

Several other equities analysts have also weighed in on the stock. Royal Bank of Canada reaffirmed a sell rating on shares of CI Financial in a research report on Friday, May 10th. Raymond James reaffirmed a buy rating on shares of Canadian Natural Resources in a research report on Friday, May 10th. Canaccord Genuity raised their price objective on shares of TransAlta Renewables from C$12.50 to C$13.00 in a research report on Monday, April 29th. BMO Capital Markets reaffirmed a buy rating on shares of Gran Tierra Energy in a research report on Wednesday, June 26th. Finally, CIBC reaffirmed an average rating and set a $55.00 price objective on shares of Fortis in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Hydro One has a consensus rating of Hold and a consensus price target of C$22.39.

Shares of TSE H traded down C$0.01 during mid-day trading on Thursday, reaching C$23.35. The company had a trading volume of 354,706 shares, compared to its average volume of 754,954. The business has a fifty day simple moving average of C$23.06. The company has a quick ratio of 0.27, a current ratio of 0.32 and a debt-to-equity ratio of 127.79. The stock has a market capitalization of $13.92 billion and a P/E ratio of -99.32. Hydro One has a 12-month low of C$18.74 and a 12-month high of C$23.56.

Hydro One (TSE:H) last issued its quarterly earnings data on Thursday, May 9th. The company reported C$0.52 earnings per share for the quarter, beating the consensus estimate of C$0.45 by C$0.07. The business had revenue of C$1.76 billion for the quarter. Research analysts expect that Hydro One will post 1.4093957 earnings per share for the current year.

Hydro One Company Profile

Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other Business. The company owns and operates approximately 123,000 circuit kilometers of low-voltage distribution network.

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Analyst Recommendations for Hydro One (TSE:H)

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