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

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $52.04 and traded as high as $54.95. Alimentation Couche-Tard shares last traded at $54.79, with a volume of 37,778 shares.

Analyst Ratings Changes

Several equities research analysts recently commented on ANCTF shares. Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, November 26th. TD Securities reaffirmed a “buy” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, November 26th. BMO Capital Markets restated 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, Royal Bank Of Canada reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Alimentation Couche-Tard Trading Up 0.9%

The firm’s 50 day moving average is $52.04 and its two-hundred day moving average is $52.03.

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