Telecom Italia (TI -4.5%) slumps after being downgraded to Neutral by JPMorgan; the firm had...

|About: Telecom Italia S.P.A. (TI)|By:, SA News Editor

Telecom Italia (TI -4.5%) slumps after being downgraded to Neutral by JPMorgan; the firm had upgraded Telefonica in March, when shares were 29% higher. Meanwhile, fellow debt-laden peripheral eurozone incumbent telco Telefonica (TEF -0.5%) is barely moving after receiving a downgrade to Underperform from Bernstein.