The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( Insider Monkey) -- We have been urging investors to focus
4. Telefonica ( TEF) is a $79 billion market cap company that provides telecom services in Spain, the rest of Europe and Latin America. It offers a 7.67 forward PE ratio, a P/B ratio of 1.13, and a dividend yield of 12.22%. The stock lost 17% last year. Jim Simons'
Renaissance Technologies is a fan of TEF. The fund had over $46 million in the company at the end of September after increasing its position by 373% in the third quarter. 5. Telecom Italia ( TI): Telecom Italia is a company based in Italy that operates in the telecommunications sector. It lost 12% in 2011. The stock has a market cap of $18.3B, offers a dividend yield of nearly 8%, is priced at a forward P/E of 6.33, and has a P/B ratio of 0.62. Jim Simons was a fan of TI last year. Steven Cohen and Israel Englander also had very small positions in Telecom Italia. 6. VimpelCom ( VIP) VimpelCom is a group of integrated telecommunications services operators. VIP has a dividend yield of 7.68%. It also has a forward P/E ratio of 7.74 and a P/B ratio of 1.09. It has a market cap of $13.4 billion and lost 33% during the past year. D. E. Shaw had 1.37 million shares of VIP in his portfolio, according to Q3 filings. Louis Bacon Moore sold his fund's $13 million position during the third quarter.