Wall Street's Most Accurate Analysts' Views On 3 Tech And Telecom Stocks With Over 3% Dividend Yields

Author: Avi Kapoor | February 07, 2024 08:03am

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.

Omnicom Group Inc. (NYSE:OMC)

• Dividend Yield: 3.15%
• Barclays analyst Julien Roch maintained an Equal-Weight rating and raised the price target from $95 to $100 on Jan. 29, 2024. This analyst has an accuracy rate of 61%.
• Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating and cut the price target from $100 to $90 on Oct. 16, 2023. This analyst has an accuracy rate of 72%.
• Recent News: Omnicom Group posted better-than-expected fourth-quarter earnings.

The Interpublic Group of Companies, Inc. (NYSE:IPG)

• Dividend Yield: 3.76%
• Barclays analyst Julien Roch maintained an Equal-Weight rating and increased the price target from $35 to $36 on Jan. 29, 2024. This analyst has an accuracy rate of 61%.
• Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating and lowered the price target from $35 to $33 on Oct. 23, 2023. This analyst has an accuracy rate of 72%.
• Recent News: Interpublic Group is expected to release earnings for the latest quarter on Feb. 8, 2024.

Sinclair, Inc. (NASDAQ:SBGI)

• Dividend Yield: 6.73%
• Rosenblatt analyst Barton Crockett maintained a Neutral rating and raised the price target from $10.4 to $15.7 price target on Jan. 18, 2024. This analyst has an accuracy rate of 65%.
• Deutsche Bank analyst Bryan Kraft maintained a Hold rating and cut the price target from $18 to $17 on Aug. 15, 2023. This analyst has an accuracy rate of 63%.
• Recent News: Sinclair and Futuri announced a strategic partnership to innovate television sales with AI Technology.

 

Read More: Top 5 Tech Stocks You May Want To Dump This Month

 

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