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

Shares of Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $54.06 and traded as high as $58.45. Alimentation Couche-Tard shares last traded at $58.42, with a volume of 46,446 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ANCTF. Scotiabank restated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, November 26th. BMO Capital Markets reissued a “market perform” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, November 26th. National Bankshares reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, November 26th. BNP Paribas Exane assumed coverage on Alimentation Couche-Tard in a report on Tuesday, January 20th. They set a “neutral” rating on the stock. Finally, TD Securities reissued a “buy” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Alimentation Couche-Tard Trading Up 1.2%

The firm’s 50-day moving average is $54.06 and its two-hundred day moving average is $52.59.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last posted its quarterly earnings data on Monday, November 24th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.04. The firm had revenue of $17.87 billion for the quarter, compared to the consensus estimate 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.