Alimentation Couche-Tard (OTCMKTS:ANCTF) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $52.28 and traded as high as $54.26. Alimentation Couche-Tard shares last traded at $53.47, with a volume of 140,566 shares changing hands.

Analyst Upgrades and Downgrades

ANCTF has been the subject of several recent analyst reports. Scotiabank reissued an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, November 26th. National Bankshares reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, November 26th. BMO Capital Markets reissued a “market perform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, November 26th. The Goldman Sachs Group upgraded shares of Alimentation Couche-Tard to a “hold” rating in a research report on Friday, September 12th. Finally, TD Securities reiterated a “buy” rating on shares of Alimentation Couche-Tard in a report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Alimentation Couche-Tard Stock Performance

The firm has a 50 day moving average price of $52.28 and a 200-day moving average price of $52.11.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last posted its earnings results on Monday, November 24th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. The business had revenue of $17.87 billion for the quarter, compared to analysts’ expectations of $17.92 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.