Desjardins Downgrades Alimentation Couche-Tard (OTCMKTS:ANCTF) to Hold

Alimentation Couche-Tard (OTCMKTS:ANCTF) was downgraded by Desjardins from a “moderate buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on ANCTF. Scotiabank upgraded Alimentation Couche-Tard to a “strong-buy” rating in a research note on Friday, December 20th. UBS Group raised Alimentation Couche-Tard to a “strong-buy” rating in a report on Friday, December 13th.

Alimentation Couche-Tard Stock Performance

Shares of Alimentation Couche-Tard stock opened at $50.66 on Tuesday. Alimentation Couche-Tard has a 1 year low of $50.26 and a 1 year high of $64.34. The company’s fifty day simple moving average is $54.34 and its 200-day simple moving average is $55.55.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last posted its quarterly earnings results on Monday, November 25th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate 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.