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

Shares of Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $56.23 and traded as low as $52.47. Alimentation Couche-Tard shares last traded at $52.79, with a volume of 218,923 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ANCTF. Scotiabank raised Alimentation Couche-Tard to a “strong-buy” rating in a research report on Friday, December 20th. UBS Group raised Alimentation Couche-Tard to a “strong-buy” rating in a research report on Friday, December 13th.

Alimentation Couche-Tard Stock Down 0.9 %

The stock has a fifty day moving average of $55.51 and a 200 day moving average of $56.21.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last posted its quarterly earnings results on Monday, November 25th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01).

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. It offers cigarette products and other nicotine products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.