Alimentation Couche-Tard (OTCMKTS:ANCTF) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF)’s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $59.63 and traded as low as $53.92. Alimentation Couche-Tard shares last traded at $54.24, with a volume of 156,504 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BMO Capital Markets reissued a “market perform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, June 24th. Scotiabank reissued an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, August 19th. TD Securities reissued a “buy” rating on shares of Alimentation Couche-Tard in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Tuesday, June 23rd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Alimentation Couche-Tard has an average rating of “Moderate Buy”.

Alimentation Couche-Tard Stock Up 0.5%

The stock’s fifty day moving average price is $60.15 and its 200-day moving average price is $59.62.

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

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc is a Canadian operator of convenience stores and fuel stations headquartered in Laval, Quebec. The company serves consumers through convenience retail locations offering packaged food, beverages, tobacco products, prepared meals, and other everyday essentials, along with fuel and related services.

Most of its locations operate under the Couche-Tard and Circle K banners. The company also provides services such as car washes, foodservice and, in selected markets, electric-vehicle charging.