Trilogy International Partners (TSE:TRL) Upgraded to Outperform by Royal Bank of Canada

Trilogy International Partners (TSE:TRL) was upgraded by research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a C$3.50 price objective on the specialty pharmaceutical company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 62.79% from the stock’s previous close.

Shares of TRL traded up C$0.19 during mid-day trading on Monday, reaching C$2.15. The company’s stock had a trading volume of 25,900 shares, compared to its average volume of 40,192. Trilogy International Partners has a 1-year low of C$1.22 and a 1-year high of C$3.82. The stock has a market cap of $113.73 million and a P/E ratio of -4.26. The business has a 50-day simple moving average of C$2.32 and a two-hundred day simple moving average of C$2.49.

Trilogy International Partners (TSE:TRL) last released its quarterly earnings data on Monday, August 12th. The specialty pharmaceutical company reported C($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.11) by C($0.02). The firm had revenue of C$240.25 million during the quarter, compared to the consensus estimate of C$245.08 million. As a group, research analysts predict that Trilogy International Partners will post -0.26 EPS for the current fiscal year.

In other Trilogy International Partners news, Senior Officer Scott Morris acquired 20,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was bought at an average cost of C$2.10 per share, with a total value of C$41,976.00. Following the completion of the transaction, the insider now directly owns 133,010 shares in the company, valued at approximately C$279,161.39.

About Trilogy International Partners

Trilogy International Partners Inc, together with its subsidiaries, provides wireless voice and data communication services in Bolivia and New Zealand. The company's communications services include local, international long distance, and roaming services for customers and international visitors roaming on their networks.

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