Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Given Average Rating of “Moderate Buy” by Brokerages

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) has been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.

ANCTF has been the subject of several recent research reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, June 24th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, June 24th. Scotiabank reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Thursday, June 11th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Tuesday, June 23rd.

Alimentation Couche-Tard Price Performance

Shares of OTCMKTS:ANCTF opened at $64.17 on Friday. Alimentation Couche-Tard has a 52 week low of $47.24 and a 52 week high of $66.49. The firm has a 50 day moving average of $61.50 and a 200 day moving average of $58.89.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last posted its earnings results on Monday, June 22nd. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.19. The company had revenue of $19.49 billion for the quarter, compared to analysts’ expectations 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.