Check Out 3 Tech And Telecom Stocks With Over 3% Dividend Yields From Wall Street's Most Accurate Analysts

Author: Lisa Levin | September 06, 2023 08:30am

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.

Telephone and Data Systems, Inc. (NYSE:TDS)

• Dividend Yield: 3.46%
• Citigroup analyst Michael Rollins upgraded the stock from Neutral to Buy and a price target of $16 on Aug. 4, 2023. This analyst has an accuracy rate of 77%.
• Morgan Stanley analyst Simon Flannery maintained an Equal-Weight rating and slashed the price target from $16 to $15 on July 25, 2023. This analyst has an accuracy rate of 71%.
• Recent News: TDS announced the exploration of strategic alternatives for UScellular and reported Q2 financial results.

Omnicom Group Inc. (NYSE:OMC)

• Dividend Yield: 3.49%
• Morgan Stanley analyst Benjamin Swinburne reiterated an Equal-Weight rating with a price target of $100 on July 20, 2023. This analyst has an accuracy rate of 73%.
• JP Morgan analyst David Karnovsky maintained an Overweight rating and increased the price target from $100 to $103 on April 19, 2023. This analyst has an accuracy rate of 69%.
• Recent News: Criteo penned a deal with Omnicom Group to expand their recently announced commerce data partnership.

JOYY Inc. (NASDAQ:YY)

• Dividend Yield: 5.87%
• Benchmark analyst Fawne Jiang reiterated a Buy rating with a price target of $49 on Aug. 31, 2023. This analyst has an accuracy rate of 73%.
• JP Morgan analyst Daniel Chen maintained a Neutral rating and cut the price target from $35 to $30 on April 14, 2023. This analyst has an accuracy rate of 62%.
• Recent News: JOYY posted better-than-expected results for the latest quarter.

 

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Posted In: OMC TDS YY