Alimentation Couche-Tard (OTCMKTS:ANCTF) Lowered to Hold Rating by Desjardins

Desjardins downgraded shares of Alimentation Couche-Tard (OTCMKTS:ANCTF) from a moderate buy rating to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

Several other brokerages also recently commented on ANCTF. Scotiabank raised Alimentation Couche-Tard to a “strong-buy” rating in a report on Friday, December 20th. UBS Group upgraded Alimentation Couche-Tard to a “strong-buy” rating in a report on Friday, December 13th.

Alimentation Couche-Tard Stock Down 0.1 %

Shares of ANCTF opened at $50.66 on Tuesday. The firm’s 50 day moving average is $54.34 and its 200-day moving average is $55.55. Alimentation Couche-Tard has a 12-month low of $50.26 and a 12-month high of $64.34.

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).

About Alimentation Couche-Tard

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.