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

Shares of Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $60.81 and traded as high as $62.9425. Alimentation Couche-Tard shares last traded at $62.63, with a volume of 119,243 shares traded.

Analyst Upgrades and Downgrades

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

Alimentation Couche-Tard Stock Down 1.4%

The company’s 50 day moving average price is $60.81 and its 200 day moving average price is $58.53.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last announced its earnings results on Monday, June 22nd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.19. The business had revenue of $19.49 billion for the quarter, compared to analysts’ expectations of $18.51 billion.

About Alimentation Couche-Tard

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.