Check Out 3 High-Yielding Dividend Stocks In Tech And Telecom Sector From Wall Street's Most Accurate Analysts

Author: Lisa Levin | September 21, 2023 09:56am

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.

Sinclair, Inc. (NASDAQ:SBGI)

• Dividend Yield: 8.65%
• Benchmark analyst Daniel Kurnos reiterated a Buy rating with a price target of $25 on Aug. 23, 2023. This analyst has an accuracy rate of 76%.
• Deutsche Bank analyst Bryan Kraft maintained a Hold rating and slashed the price target from $18 to $17 on Aug. 15, 2023. This analyst has an accuracy rate of 61%.
• Recent News: Taboola announced a new, exclusive multi-year deal with Sinclair Broadcast Group.

Omnicom Group Inc. (NYSE:OMC)

• Dividend Yield: 3.65%
• Citigroup analyst Jason Bazinet maintained a Buy rating with a price target of $113 on Sept. 19, 2023. This analyst has an accuracy rate of 63%.
• 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%.
• Recent News: Criteo SA (NASDAQ:CRTO) penned a deal with Omnicom Group to expand their recently announced commerce data partnership.

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

• Dividend Yield: 4.13%
• Morgan Stanley analyst Simon Flannery maintained an Equal-Weight rating and raised the price target from $15 to $18 on Sept. 11, 2023. This analyst has an accuracy rate of 71%.
• Citigroup analyst Michael Rollins upgraded the stock from Neutral to Buy with a price target of $16 on Aug. 4, 2023. This analyst has an accuracy rate of 77%.
• Recent News: TDS recently announced the exploration of strategic alternatives for United States Cellular Corporation and reported Q2 financial results.

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