Hydro One (H) was Downgraded to a Sell Rating at Raymond James


In a new note to investors yesterday, an analyst has provided a rating update for Hydro One (H). Raymond James’ analyst David Quezada expressed some doubt about the stock, as it was downgraded to Sell with a C$20 price target.

According to TipRanks.com, Quezada is ranked #1335 out of 5203 analysts.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Hydro One with a C$20.71 average price target, representing a 2.0% upside. In a report issued on February 21, National Bank also downgraded the stock to Sell with a C$19 price target.

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Hydro One’s market cap is currently C$12.1B and has a P/E ratio of 15.9. The company has a Price to Book ratio of 1.21.

Hydro One Ltd. engages in the transmission and distribution of electricity. It operates through the following segments: Transmission, Distribution, and Other Business. The Transmission segment owns, operates, and maintains electricity transmission networks. The Distribution segment manages the distribution system through the Hydro One Networks Inc.

The company’s shares closed on Friday at C$20.31.

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