Alimentation Couche-Tard (OTCMKTS:ANCTF) Rating Lowered to “Hold” at Desjardins

Alimentation Couche-Tard (OTCMKTS:ANCTF) was downgraded by research analysts at Desjardins from a “moderate buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other brokerages also recently weighed in on ANCTF. UBS Group raised Alimentation Couche-Tard to a “strong-buy” rating in a research note on Friday, December 13th. Scotiabank upgraded Alimentation Couche-Tard to a “strong-buy” rating in a report on Friday, December 20th.

Alimentation Couche-Tard Stock Performance

Shares of ANCTF opened at $50.66 on Tuesday. The company’s fifty day moving average is $54.34 and its 200-day moving average is $55.55. Alimentation Couche-Tard has a 12 month low of $50.26 and a 12 month high of $64.34.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last issued its quarterly earnings data on Monday, November 25th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01).

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. It offers cigarette products and other nicotine products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.