Benzinga - by Lisa Levin, Benzinga Editor.
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: 9.88%
- 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 cut 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.
- Dividend Yield: 8.43%
- Citigroup analyst Michael Rollins upgraded the stock from Neutral to Buy and raised the price target from $39 to $40 on Aug. 29, 2023. This analyst has an accuracy rate of 77%.
- Oppenheimer analyst Timothy Horan reiterated an Outperform rating with a price target of $43 on Aug. 22, 2023. This analyst has an accuracy rate of 71%.
- Recent News: Verizon reported better-than-expected earnings for its second quarter.
- Dividend Yield: 6.12%
- Keybanc analyst Josh Beck maintained an Overweight rating and raised the price target from $77 to $80 on Aug. 11, 2023. This analyst has an accuracy rate of 70%.
- B of A Securities analyst David Barden upgraded the stock from Underperform to Buy and boosted the price target from $45 to $85 on May 3, 2023. This analyst has an accuracy rate of 64%.
- Recent News: Cogent Communications reported better-than-expected second-quarter earnings results.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.