Alimentation Couche-Tard (OTCMKTS:ANCTF) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

Shares of Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $58.44 and traded as high as $65.71. Alimentation Couche-Tard shares last traded at $64.32, with a volume of 149,335 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ANCTF shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th. Scotiabank reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Thursday, June 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Alimentation Couche-Tard in a report on Tuesday, June 23rd. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Alimentation Couche-Tard has a consensus rating of “Moderate Buy”.

Alimentation Couche-Tard Trading Down 5.0%

The company has a fifty day moving average price of $58.62 and a 200 day moving average price of $57.39.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last posted its quarterly earnings data on Monday, June 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.19. The company had revenue of $19.49 billion for the quarter, compared to the consensus estimate of $18.51 billion.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard is a Canadian multinational operator of convenience stores and fuel service stations. Headquartered in Laval, Quebec, the company manages a broad network of outlets offering convenience products, fresh food offerings and fuel under a variety of brand names. Its retail sites typically feature grab-and-go snacks, beverages, tobacco products and basic grocery items, alongside ancillary services such as car washes and loyalty programs.

Founded in 1980, Couche-Tard began as a single convenience store in Laval and has grown rapidly through both organic expansion and targeted acquisitions.