{
  "id": 16580327,
  "title": "JPMorgan increases pressure on Telefónica in the Ibex",
  "url": "https://urgent.news/2026/10/26/jpmorgan-agrava-las-presiones-sobre-telefonica-en-el-ibex",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-26T09:16:59.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/mercados/2026/10/26/6adf1802e5fdeaae278b4595.html"
  },
  "original_language": "es",
  "account": "Telefónica's shares plummeted up to 8% on the Ibex due to the outcome of Brazil's presidential election and a double downgrade by JPMorgan. Lula da Silva's victory over Flávio Bolsonaro led investors to unwind positions, according to Manuel Pinto of XTB. JPMorgan changed its recommendation to underweight and cut its price target for Telefónica from 3.70 euros to 3.20 euros. The shares hit an intraday low of around 3.10 euros.",
  "summary": "The telecommunications company is having a dismal day on the Ibex. The stock market correction caused by the results of the elections in Brazil is worsening with the double downgrade issued today by JPMorgan.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "El Pais Economia",
        "title": "Telefónica, Deutsche Telekom, Orange and Vodafone are teaming up to take on Elon Musk.",
        "url": "https://urgent.news/2026/10/19/telefonica-deutsche-telekom-orange-y-vodafone-se-alian-para-plantar",
        "published": "2026-10-19T09:42:40.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Deutsche Telekom, Orange, Telefónica and Vodafone are exploring a joint satellite spectrum bid",
        "url": "https://urgent.news/2026/10/19/deutsche-telekom-orange-telefonica-and-vodafone-are-exploring-a-joint",
        "published": "2026-10-19T11:40:24.000Z"
      },
      {
        "outlet": "The Corner",
        "title": "Telefónica, Deutsche Telekom, Orange and Vodafone are evaluating a joint bid for Mobile Satellite Services (MSS) spectrum in Europe.",
        "url": "https://urgent.news/2026/10/20/telefonica-deutsche-telekom-orange-and-vodafone-are-evaluating-a",
        "published": "2026-10-20T08:28:06.000Z"
      },
      {
        "outlet": "El Pais Economia",
        "title": "Murtra replaces the entire top management of Telefónica in Brazil in the midst of the electoral campaign",
        "url": "https://urgent.news/2026/10/21/murtra-desplaza-a-toda-la-cupula-directiva-de-telefonica-a-brasil-en",
        "published": "2026-10-21T22:16:28.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}