Scotiabank Lowers Trilogy International Partners Inc (TSE:TRL) Price Target to C$11.00

Trilogy International Partners Inc (TSE:TRL) had its target price dropped by stock analysts at Scotiabank from C$12.50 to C$11.00 in a research report issued to clients and investors on Thursday. The brokerage presently has an “outperform” rating on the specialty pharmaceutical company’s stock. Scotiabank’s price objective suggests a potential upside of 40.75% from the company’s previous close.

Separately, TD Securities upgraded Trilogy International Partners from a “hold” rating to a “buy” rating and set a C$11.50 target price on the stock in a report on Thursday, July 6th.

Trilogy International Partners (TSE:TRL) opened at 7.815 on Thursday. The company’s market cap is $332.24 million. The stock has a 50 day moving average price of $8.34 and a 200-day moving average price of $9.33. Trilogy International Partners has a 12-month low of $7.54 and a 12-month high of $10.48.

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About Trilogy International Partners

Trilogy International Partners Inc, formerly Alignvest Acquisition Corporation, is a Canada-based wireless telecommunications operator. The Company provides wireless communications services through its subsidiaries in New Zealand and Bolivia. Its subsidiaries include Viva and 2degrees. Viva provides voice and a range of data services to its mobile customers over its third generation (3G)-enabled global system for mobile communications (GSM) and fourth generation (4G) long term evolution (LTE) networks.

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