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

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $53.42 and traded as low as $48.63. Alimentation Couche-Tard shares last traded at $49.31, with a volume of 3,978 shares traded.

Analyst Upgrades and Downgrades

ANCTF has been the subject of several recent analyst reports. National Bank Financial raised shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 17th. Desjardins raised Alimentation Couche-Tard from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, March 19th. Scotiabank reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Tuesday, March 4th. Veritas raised Alimentation Couche-Tard to a “strong-buy” rating in a research note on Thursday, March 20th. Finally, UBS Group raised Alimentation Couche-Tard to a “strong-buy” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Alimentation Couche-Tard Stock Performance

The stock has a 50-day moving average of $50.40 and a two-hundred day moving average of $53.42.

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.