• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
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Telefónica falls 8% on the Ibex after JPMorgan's double downgrade

FinanceInternationalmerca2.es10 s readAI summary
Image: merca2.es

JPMorgan removed its neutral rating on Telefónica, downgraded it to underweight and cut its price target to 3.20 euros. The operator plunged 8% on the IBEX 35 and its shares hit intraday lows around 3.10 euros.

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IASummary generated by artificial intelligence from a story by merca2.es. It may contain errors: the original source prevails.

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