Analyst downgraded Weatherford International Ltd.

Wings

Analyst downgraded Weatherford International Ltd.
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2 Q' @' n5 i2 v) w, K8 EDTLY-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.
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4 v7 t( k% E. r- p/ X- 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.