Check Out 3 Tech And Telecom Stocks With Over 3% Dividend Yields From Wall Street's Most Accurate Analysts By Benzinga

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Check Out 3 Tech And Telecom Stocks With Over 3% Dividend Yields From Wall Street's Most Accurate Analysts

Published Aug 21, 2023 13:13 Updated Aug 21, 2023 14:40

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Check Out 3 Tech And Telecom Stocks With Over 3% Dividend Yields From Wall Street's Most Accurate Analysts

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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.

Verizon Communications Inc. (NYSE: VZ) Dividend Yield: 7.86%

Morgan Stanley analyst Simon Flannery reiterated an Overweight rating with a price target of $44 on Aug. 3, 2023. This analyst has an accuracy rate of 71%.

Citigroup analyst Michael Rollins maintained a Neutral rating and cut the price target from $42 to $39 on July 27, 2023. This analyst has an accuracy rate of 77%.

Recent News: It clocked a second-quarter sales decline of 3.5% year-on-year to $32.6 billion, missing the consensus of $33.3 billion. Adjusted EPS of $1.21 beat the consensus of $1.16.

Cogent Communications Holdings, Inc. (NASDAQ: CCOI) Dividend Yield: 5.36%

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 raised the price target from $45 to $85 on May 5, 2023. This analyst has an accuracy rate of 64%.

Recent News: Cogent Communications reported better-than-expected second-quarter EPS results.

Omnicom Group Inc. (NYSE: OMC) Dividend Yield: 3.56%

Morgan Stanley analyst Benjamin Swinburne reiterated an Equal-Weight rating with a price target of $100 on July 20, 2023. This analyst has an accuracy rate of 73%.

JP Morgan analyst David Karnovsky maintained an Overweight rating and raised the price target from $100 to $103 on April 19, 2023. This analyst has an accuracy rate of 69%.

Recent News: Omnicom Group reported worse-than-expected second-quarter sales results.

Read More: Fear & Greed Index Remains In 'Neutral' Zone After US Stocks Record Weekly Loss

Read the original article on Benzinga

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Check Out 3 Tech And Telecom Stocks With Over 3% Dividend Yields From Wall Street's Most Accurate Analysts

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