Every day, the sun rises on Wall Street, and a plethora of professional analysts wake to issue new opinions on stocks. Here at the Fool, we use our "This Just In" column to examine some of these picks -- and the track records of the companies behind them -- so individuals can make better investing decisions.

In addition to following professional banks, anyone can use Motley Fool CAPS to monitor the collective opinions of more than 135,000 members, many of whom demonstrate better investing insight than published analysts do.

After a long stretch at a respectable but imperfect four-star rank, enough top-performing CAPS members have recently turned bullish on international telecom Telefonica (NYSE:TEF) to grant it the coveted five-star status. A total of 345 members have given their opinion on Telefonica, with many offering analysis and commentary to explain their recent increase in optimism.

Telecom services giant Telefonica serves multiple markets in countries such as Brazil, Germany, Mexico, and the U.K. Despite a gloomy global economy, it grew its total customer accesses by 7.6% in the first half, thanks to growth in wireless, broadband, and pay TV. Wireless accesses alone exceeded 200 million at the end of the first half of the year. 

In the second quarter, Telefonica pulled in 2.7 million net new wireless customers. To demonstrate its global scale note that U.S. rival AT&T (NYSE:T) brought in 1.4 million, Verizon (NYSE:VZ) and partner Vodafone (NYSE:VOD) landed a slightly smaller 1.1 million, and Sprint Nextel (NYSE:S) struggled with ever-fleeting post-paid subscribers. Excluding one-time gains in last year's second quarter, Telefonica's net income rose 10.7% this year, while generating positive free cash flow in the first half. 

Its U.K. wireless operation faces competition from rivals such as Vodafone and Deutsche Telecom, but growth opportunities still abound in Latin America, China, and other emerging markets. Strong demand for the Apple (NASDAQ:AAPL) iPhone has brought in revenue for the company, and it recently picked up rights to market the Palm (NASDAQ:PALM) Pre, hoping to generate a stronger showing than Sprint Nextel. The company also heartened investors when it confirmed its dividend for 2009.

Do you think Telefonica deserves five-star status? If so, add your own thoughts in the comment box below, or head on over to CAPS to give it a thumbs-up and confirm its spot the top tier. While you're at it, see what the very best CAPS analysts are saying now about the company.

The Motley Fool Stock Advisor service looks for companies with strong management poised to beat the market over the long haul. To see all the stocks that have helped Tom and David Gardner beat the market by 41 points on average, take a free 30-day trial.

Fool contributor Dave Mock recently upgraded his diet to include more fruits and veggies. He owns no shares of companies mentioned here. Apple is a Stock Advisor pick. Sprint Nextel is an Inside Value selection. The Fool's disclosure policy still follows the old food group theory of nutrition and has yet to adopt the new pyramid scheme because of the negative connotation.