Alimentation Couche-Tard (OTCMKTS:ANCTF) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $58.44 and traded as high as $65.71. Alimentation Couche-Tard shares last traded at $64.32, with a volume of 149,335 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Tuesday, June 23rd. Scotiabank restated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Thursday, June 11th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, June 24th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Alimentation Couche-Tard currently has a consensus rating of “Moderate Buy”.

Alimentation Couche-Tard Trading Down 2.1%

The business’s 50 day moving average price is $58.44 and its 200-day moving average price is $57.25.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last announced its quarterly earnings data on Monday, June 22nd. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.19. The firm had revenue of $19.49 billion during the quarter, compared to analyst estimates of $18.51 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.