Alimentation Couche-Tard (OTCMKTS:ANCTF) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $54.91 and traded as low as $48.79. Alimentation Couche-Tard shares last traded at $48.96, with a volume of 31,837 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ANCTF shares. Scotiabank upgraded Alimentation Couche-Tard to a “strong-buy” rating in a research note on Friday, December 20th. National Bank Financial upgraded Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 17th. UBS Group raised shares of Alimentation Couche-Tard to a “strong-buy” rating in a report on Friday, December 13th. Finally, Desjardins cut shares of Alimentation Couche-Tard from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, February 11th.

Alimentation Couche-Tard Stock Performance

The stock has a 50-day simple moving average of $52.76 and a two-hundred day simple moving average of $54.87.

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

Alimentation Couche-Tard Company Profile

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.