A trio of main advisors are looking external the US for opportnity in the telecom sector: Nick Vardy sees potential with Telefonica S.A. (NYSE: TEF), David Fried looks south of the border to Telefonos de Mexico (NYSE: TMX) and Dave Dyer recommends the more diversified Emerging Markets Telecommunications Fund (ASE: ETF).

In his Global Bull Market Alert, Nick Vardy explains, “Spanish telecom group Telefonica S.A. is like a corporate conquistador, exploiting its historical urls to expand into Latin America. that new Spanish explorer is reaping rich profits for itself and its shareholders.

“Telefonica’s global footprint extends across three continents and 23 countries with a total population of 670 million. that conquistador planted its first flag in Latin America 15 years

ago and nowadays is the main telecom in Brazil, Argentina, Chile and Peru.

“For an organization that is already the fifth-biggest telecom company in the world with shut to 207 million customers, Telefonica’s profits are still expanding at a breathtaking rate.

“Just recently, Telefonica announced that its third-quarter net profit rose 39% year-on-year. Overall, net profit jumped to €4.02 billion from €2.9 billion a year earlier. additionally vital to us, Telefonica is a stock that has held up remarkably well despite the recent market jitters, recently hitting a record high. We recommend buying the shares at market.”

Continue reading Three experts offer a trio of global telecom plays

Original post by Steven Halpern

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