Analyst downgraded Weatherford International Ltd.

Wings

Analyst downgraded Weatherford International Ltd.

5 _; K8 ^6 s2 n5 h6 c( K" q, RDTLY-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 $21 per share in short term. Plus, a less than 15B market capital is still too small for a 52000-employee company.
1 M+ D$ Z) _  R; Q9 i- z& a: L: U  Y
- E# D* V! l/ i; ~% j9 l: T- 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.