Analyst downgraded Weatherford International Ltd.

Wings

Analyst downgraded Weatherford International Ltd.
+ f! O9 @, @) a
7 A1 p8 K6 T7 [2 f7 ~, q7 e- O) ADTLY-F analyst today pointed out that WFT is reaching its resistence. With a high P/E of 323.16, it will be really hard for WFT to break the resistance at $21 per share in short term. Plus, a less than 15B market capital is still too small for a 52000-employee company.
7 N* Z$ [1 m' X2 I/ p
- DTLY-F began covering WFT from late Oct, 2010; and the investment generated +15.6% return in 3 weeks. Based on the above analysis, all shares were dumpped with profits taken in today's trading. These cash may be invested into large-cap EU finanical groups, DTLY-F analyst added.