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

2024-08-30 19:45

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 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.

Verizon Communications Inc. (NYSE:VZ)

  • Dividend Yield: 6.45%
  • Scotiabank analyst Maher Yaghi maintained a Sector Perform rating and raised the price target from $45.5 to $46.5 on July 10. This analyst has an accuracy rate of 70%.
  • Tigress Financial analyst Ivan Feinseth maintained a Buy rating and raised the price target from $50 to $52 on May 17. This analyst has an accuracy rate of 71%.
  • Recent News: Verizon inked a new Enterprise Infrastructure Solutions (EIS) deal with the National Labor Relations Board (NLRB), an independent federal agency that focuses on the rights of private sector employees.
  • Benzinga Pro's real-time newsfeed alerted to latest VZ news.

AT&T Inc. (NYSE:T)

  • Dividend Yield: 5.62%
  • Scotiabank analyst Jeff Fan maintained a Sector Outperform rating and raised the price target from $23 to $24 on July 25. This analyst has an accuracy rate of 75%.
  • Oppenheimer analyst Timothy Horan maintained an Outperform rating and increased the price target from $21 to $23 on July 25. This analyst has an accuracy rate of 70%.
  • Recent News: The company will release third-quarter 2024 results on Wednesday, Oct. 23.
  • Benzinga Pro’s charting tool helped identify the trend in T stock.

TEGNA Inc. (NYSE:TGNA)

  • Dividend Yield: 3.63%
  • Benchmark analyst Daniel Kurnos reiterated a Buy rating with a price target of $21 on Aug. 8. This analyst has an accuracy rate of 72%.
  • JP Morgan analyst David Karnovsky maintained a Neutral rating and slashed the price target from $17 to $15 on March 1. This analyst has an accuracy rate of 70%.
  • Recent News: On Aug. 29, TEGNA named Carrie Yates as President and General Manager at WZDX in Huntsville.
  • Benzinga Pro’s signals feature notified of a potential breakout in TGNA shares.

Read More:

  • Dow Notches New Record Close But Nasdaq Falls Amid Decline In Nvidia Shares: Fear Index Enters ‘Greed’ Zone

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