Alimentation Couche-Tard (OTCMKTS:ANCTF) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $52.07 and traded as high as $52.49. Alimentation Couche-Tard shares last traded at $52.31, with a volume of 22,533 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, September 3rd. Scotiabank restated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Thursday, September 4th. The Goldman Sachs Group upgraded shares of Alimentation Couche-Tard to a “hold” rating in a research note on Friday, September 12th. National Bankshares restated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Monday, August 18th. Finally, BMO Capital Markets cut shares of Alimentation Couche-Tard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Alimentation Couche-Tard has an average rating of “Buy”.

Alimentation Couche-Tard Stock Up 0.8%

The company’s 50 day moving average price is $52.07 and its two-hundred day moving average price is $51.64.

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.