By: Benzinga
March 04, 2013 at 09:26 AM EST
UPDATE: JP Morgan Upgrades Telefonica SA to Overweight on Growth and Valuation
JP Morgan upgraded Telefonica SA (NYSE: TEF ) from Neutral to Overweight. JP Morgan commented, "As Telefonica is making good progress with the rebalancing of its European operations and balance sheet repair, we believe that the time has come to focus again on the company's attractive and differentiated exposure to
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