Alimentation Couche-Tard (OTCMKTS:ANCTF) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Wall Street Analyst Weigh In

ANCTF has been the subject of several recent research reports. Royal Bank Of Canada reissued 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 report on Thursday, June 11th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Alimentation Couche-Tard has a consensus rating of “Moderate Buy”.

Alimentation Couche-Tard Trading Up 0.4%

The stock’s 50-day simple moving average is $60.93 and its two-hundred day simple moving average is $58.56.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last announced its quarterly earnings data on Monday, June 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.19. The company 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.