Analyst downgraded Weatherford International Ltd.

Wings

Analyst downgraded Weatherford International Ltd.
4 U. k( g- U9 B
" I8 W/ v; K' G5 ^1 t$ ~2 [" v% |2 gDTLY-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.

+ n5 @6 K" h! R7 o# v+ _+ }! \; R8 U- 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.