Telefonica S.A. (ADR) (NYSE:TEF)
CAPS Rating:
A telecommunications group that provides a range of services in Spain and Latin America. Provider of fixed-line public voice telephone services, wireless communications services, Internet access services and data transmission services.
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http://www.fool.com/investing/general/2012/07/09/this-just-in-upgrades-and-downgrades.aspx
I'm already on this bandwagon with real money invested in France Telecom. Today, I'm pouncing on Telefonica's deep value by starting a bullish CAPScall on the stock. Like Nomura, I have come to the conclusion that these multinational titans come with more opportunity than risk -- and it's almost impossible to find strong, cash-flow-backed dividends like these in any sector or geographic market.