In this video as part of the Motley Fool's "Ask a Fool" series, Fool analyst Jamal Carnette takes a question from a Fool reader, who asks, "What's your Foolish opinion on Telefonica (NYSE:TEF)? Do you think Telefonica will merge with Telecom Italia (NYSE:TI) or just take its best parts and let Telecom decay? How will the Italian government react? How can a stock be downgraded by Moody's and at the same time rise by 7%?"

Jamal Carnette has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.