Trilogy International Partners (TRL) Shares Down 3.2%

Trilogy International Partners Inc (TSE:TRL) dropped 3.2% during trading on Wednesday . The company traded as low as C$5.51 and last traded at C$5.53. Approximately 415 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 43,908 shares. The stock had previously closed at C$5.71.

Several research firms have commented on TRL. TD Securities upped their price objective on Trilogy International Partners from C$9.50 to C$10.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Royal Bank of Canada restated an “outperform” rating and issued a C$11.00 price objective on shares of Trilogy International Partners in a research report on Wednesday, October 25th. Finally, Scotiabank upped their price objective on Trilogy International Partners from C$9.50 to C$11.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th.

The firm has a market cap of $302.34 and a PE ratio of -0.04.

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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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