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

Shares of Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $57.65 and traded as high as $57.9840. Alimentation Couche-Tard shares last traded at $57.9840, with a volume of 154,752 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. BMO Capital Markets raised Alimentation Couche-Tard from a “hold” rating to an “outperform” rating in a report on Tuesday, October 20th. Scotiabank reissued an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, August 19th. TD Securities restated a “buy” rating on shares of Alimentation Couche-Tard in a research report on Tuesday, August 4th. Finally, Canadian Imperial Bank of Commerce initiated coverage on Alimentation Couche-Tard in a research note on Thursday, October 22nd. They issued a “hold” rating on the stock. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Alimentation Couche-Tard Stock Performance

The firm has a 50 day moving average of $57.65 and a 200-day moving average of $59.12.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.90 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.90. The company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $20.86 billion.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc is a Canadian operator of convenience stores and fuel stations. Based in Laval, Quebec, the company serves consumers and motorists through a network of stores offering food, beverages, tobacco and nicotine products, alcohol in select markets, personal and automotive convenience items, and other everyday essentials. Many locations also provide fuel, car-wash services, electric-vehicle charging, and commercial fueling solutions.

The company operates primarily under the Couche-Tard and Circle K brands, as well as other regional banners.