Trilogy International Partners (TSE:TRL) Reaches New 52-Week High Following Analyst Upgrade

Trilogy International Partners Inc. (TSE:TRL)’s stock price hit a new 52-week high during trading on Friday after Scotiabank raised their price target on the stock from C$3.40 to C$4.50. The stock traded as high as C$1.85 and last traded at C$1.90, with a volume of 13619 shares traded. The stock had previously closed at C$1.83.

Several other equities research analysts have also commented on the company. TD Securities upped their price target on Trilogy International Partners from C$2.25 to C$2.50 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank of Canada restated an “outperform” rating and set a C$2.00 price target on shares of Trilogy International Partners in a research note on Tuesday, March 30th.

The firm has a market cap of C$111.16 million and a price-to-earnings ratio of -1.86. The business has a 50 day moving average price of C$1.72 and a 200-day moving average price of C$1.49.

Trilogy International Partners (TSE:TRL) last posted its earnings results on Wednesday, March 24th. The specialty pharmaceutical company reported C($0.27) earnings per share (EPS) for the quarter. The firm had revenue of C$220.01 million during the quarter. Sell-side analysts forecast that Trilogy International Partners Inc. will post -0.4194479 EPS for the current year.

About Trilogy International Partners (TSE:TRL)

TIP Inc is the parent of Trilogy International Partners LLC ("Trilogy LLC"), an international wireless and fixed broadband telecommunications operator formed by wireless industry veterans John Stanton, Theresa Gillespie and Brad Horwitz. Trilogy LLC's founders have successfully bought, built, launched and operated communications businesses in 15 international markets and the United States.

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