Alimentation Couche-Tard (OTCMKTS:ANCTF) Stock Breaks Above Fifty Day Moving Average – What’s Next?

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF)’s stock price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $57.65 and traded as high as $57.9840. Alimentation Couche-Tard shares last traded at $57.9840, with a volume of 154,752 shares traded.

Analyst Ratings Changes

Several research analysts have weighed in on ANCTF shares. Canadian Imperial Bank of Commerce started coverage on shares of Alimentation Couche-Tard in a report on Thursday, October 22nd. They set a “hold” rating on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, August 19th. TD Securities restated a “buy” rating on shares of Alimentation Couche-Tard in a report on Tuesday, August 4th. Finally, BMO Capital Markets upgraded Alimentation Couche-Tard from a “hold” rating to an “outperform” rating in a research note on Tuesday, October 20th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Alimentation Couche-Tard Stock Up 0.9%

The business has a fifty day moving average price of $57.65 and a 200 day moving average price of $59.12.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last released its earnings results on Wednesday, September 2nd. The company reported $0.90 EPS for the quarter, meeting the consensus estimate of $0.90. The company had revenue of $21.70 billion for the quarter, compared to analyst estimates of $20.86 billion.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc is a Canadian operator of convenience stores and fuel stations. Based in Laval, Quebec, the company serves consumers and motorists through a network of stores offering food, beverages, tobacco and nicotine products, alcohol in select markets, personal and automotive convenience items, and other everyday essentials. Many locations also provide fuel, car-wash services, electric-vehicle charging, and commercial fueling solutions.

The company operates primarily under the Couche-Tard and Circle K brands, as well as other regional banners.