Wall Street's Most Accurate Analysts' Views On 3 Tech And Telecom Stocks Delivering High-Dividend Yields

Author: Avi Kapoor | February 23, 2024 09:00am

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 .

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

TEGNA Inc. (NYSE:TGNA)

• Dividend Yield: 3.17%
• JP Morgan analyst David Karnovsky reinstated a Neutral rating with a price target of $17 on Dec. 6, 2023. This analyst has an accuracy rate of 67%.
• Benchmark analyst Daniel Kurnos reiterated a Buy rating with a price target of $22 on Oct. 30, 2023. This analyst has an accuracy rate of 76%.
• Recent News: On Feb. 8, TEGNA named Rick Rogala as president and general manager at WBNS, TEGNA's CBS affiliate serving Columbus, Ohio, effective Feb. 26.

Omnicom Group Inc. (NYSE:OMC)

• Dividend Yield: 3.17%
• 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%.
• Citigroup analyst Jason Bazinet maintained a Buy rating and cut the price target from $113 to $112 on Oct. 19, 2023. This analyst has an accuracy rate of 67%.
• Recent News: On Feb. 6, Omnicom Group posted better-than-expected quarterly results.

Gray Television, Inc. (NYSE:GTN)

• Dividend Yield: 4.03%
• Guggenheim analyst Curry Baker maintained a Buy rating and cut the price target from $15 to $14 on Aug. 8, 2023. This analyst has an accuracy rate of 67%.
• Benchmark analyst Daniel Kurnos reiterated a Buy rating with a price target of $19 on Aug. 7, 2023. This analyst has an accuracy rate of 76%.
• Recent News: On Feb. 20, Gray Television announced CFO Jim Ryan's upcoming retirement and appointment of Jeff Gignac to succeed him.

 

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Posted In: GTN OMC TGNA