Societe Generale Downgrades Seadrill Ltd. (SDRL) to Sell, "Very Little Equity Value, If Any"
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Price: $46.26 -0.49%
Rating Summary:
10 Buy, 12 Hold, 11 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
Rating Summary:
10 Buy, 12 Hold, 11 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
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Societe Generale downgraded Seadrill Ltd. (NYSE: SDRL) from Hold to Sell.
Analyst Guillaume Delaby says the downgrade reflects the decline in equity value to shareholders from the restructuring plan, higher level of financial leverage, uncertain exploration expenditures and oversupply of floaters.
For an analyst ratings summary and ratings history on Seadrill Ltd. click here. For more ratings news on Seadrill Ltd. click here.
Shares of Seadrill Ltd. closed at $0.46 yesterday.
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