News coverage about Hydro One (TSE:H) has trended positive recently, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Hydro One earned a coverage optimism score of 2.57 on their scale. InfoTrie also gave press coverage about the company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Hydro One’s analysis:
H stock traded up C$0.16 during midday trading on Tuesday, reaching C$19.72. 466,843 shares of the company’s stock traded hands, compared to its average volume of 739,948. Hydro One has a 52 week low of C$18.57 and a 52 week high of C$23.07.
Hydro One (TSE:H) last issued its earnings results on Tuesday, August 14th. The company reported C$0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.08. The business had revenue of C$1.48 billion for the quarter.
A number of equities research analysts recently commented on H shares. TD Securities lowered their price target on shares of Hydro One from C$21.00 to C$20.00 in a report on Wednesday, August 15th. BMO Capital Markets lowered their price target on shares of Hydro One from C$22.50 to C$21.00 in a report on Tuesday, July 24th. CSFB cut shares of Hydro One from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from C$22.00 to C$19.00 in a report on Thursday, July 26th. Industrial Alliance Securities lowered their target price on shares of Hydro One from C$24.00 to C$21.00 in a report on Tuesday, October 9th. Finally, Royal Bank of Canada cut shares of Hydro One from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$25.00 to C$21.00 in a report on Thursday, July 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of C$21.55.
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About Hydro One
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 30,000 circuit kilometers of high-voltage transmission network and 123,000 circuit kilometers of low-voltage distribution network; and 308 transmission stations.
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