Analyst downgraded Weatherford International Ltd.

Wings

Analyst downgraded Weatherford International Ltd.
* o" K: F1 |+ ]& G" o! K1 x! B, m
/ k* e. ]$ [8 P: S5 y' I* i% O& }DTLY-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.
  c- T( R1 R1 I- Y* H. _
- 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.