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: 9.43%
- 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 67%
- 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 65%.
- Recent News: Sinclair posted a loss for the third quarter.
- Dividend Yield: 5.82%
- 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 73%.
- JP Morgan analyst Philip Cusick downgraded the stock from Overweight to Neutral and cut the price target from $72 to $70 on May 8, 2023. This analyst has an accuracy rate of 63%.
- Recent News: Cogent Communications is expected to report third-quarter results on Nov. 9, 2023.
- Dividend Yield: 3.99%
- 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 69%.
- 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 76%.
- Recent News: Telephone and Data Systems is expected to report third-quarter operating results on Nov. 3, 2023.
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