(VIV) Telesp S.A. – ADR – Bull of the Day

We are upgrading our recommendation to Outperform from Neutral on Telesp S.A. (VIV) following its merger with the mobile phone provider Vivo Participacoes. We believe the merger will boost its existing operations...

(COF) The Cheap “Ones” – Finding Value Stocks

Firms for which the market’s expectations of the future are low tend to be very cheap statistically. There is a very large body of research that suggests that over time you do much better buying cheap firms than expensive ones, even if the expensive ones seem to have the...

(T) Telecom Industry Outlook – March 2011 – Industry Outlook

The world economy is currently going through a recovery phase. The momentum is expected to remain strong in 2011. The Telecommunications Industry is identified as a major driver of the global economic recovery.

Capital spending constraints among telecom operators due...

(TEF) Telefonica Analyst Upgrades Shares to Outperform

We are upgrading our recommendation to Outperform from Underperform for Telefonica (TEF), the largest telecom carrier in Spain and Latin America. Currently, the stock has Zacks #2 (Buy) Rank.

We...

(TEF) Telefonica Analyst Downgrades the Stock

We are downgrading our recommendation to Underperform from Neutral for Telefonica (TEF), the largest telecom carrier in Spain and Latin America. Currently the stock has Zacks #5 (Strong Sell) Rank. We...

(TEF) Brazil’s Telecom Rumble – Telefonica Can’t Catch a Break

With Spain mired in recession, Spanish telecom company Telefonica ADR (NYSE: TEF) has had to rely on Latin America – and Brazil especially – for much of its growth.

Yet Telefonica...

(TSP) Telecomunicacoes de Sao Paulo Analyst Cuts Rating to Underperform

We have downgraded our recommendation for the Brazilian wireline service operator Telecomunicacoes de Sao Paulo (TSP), commonly known as Telesp, to Underperform based on the company’s lackluster operating...

($GS) It Is All About My Big Fat Greek Deficit

Wall Street seems obsessed with pigs these days.

PIIGS, that is – Portugal, Ireland, Italy, Greece and Spain – the smaller economies in Europe.

Many people worry whether these countries can honor their sovereign debt because of high, already-existing debt...

(QCOM) Telecom Industry Update – December 2009 – Industry Outlook

The global economic downturn continues to weigh on the fortunes of companies in almost every industry Incorporatedluding telecommunications. Nevertheless, we see a silver lining for the telecommunication industry in this challenging environment as the valuation level now reflects...

(TEF) Telefonica SA Bids to Expand in Brazil

Spain’s incumbent telecom carrier Telefonica SA (TEF) has reportedly made an all-cash bid to acquire Brazilian telecom operator GVT Holding SA in an effort to expand its presence in the lucrative Brazilian telecom market.

The Spanish operator’s...

(VIV) Latin American Markets – Industry Outlook

We have been saying since the end of 2008 that emerging markets in general — and Latin American in particular — would outperform more developed markets such as the U.S., Europe and Japan. Indeed it has been our mantra in the past few months. Now this view has become...