Benzinga's Most Accurate Analysts Say Hold These 3 Tech & Telecom Stocks Delivering High-Dividend Yields

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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. VZ

  • Dividend Yield: 6.59%
  • Nomura analyst Jeff Kvaal maintained a Neutral rating and slashed the price target from $65 to $61 on March 30, 2020. This analyst has an accuracy rate of 79%.
  • Baird analyst William Power maintained a Neutral rating and slashed the price target from $60 to $58 on April 28, 2020. This analyst has an accuracy rate of 86%.
  • Recent News: Verizon's sales grew 3.5% year-on-year in the fourth quarter of fiscal 2022 to $35.3 billion, beating the consensus estimate of $35.1 billion.

Telephone and Data Systems, Inc. TDS

  • Dividend Yield: 5.95%
  • Morgan Stanley analyst Simon Flannery downgraded the stock from Overweight to Equal-Weight with a price target of $22 on April 19, 2022. This analyst has an accuracy rate of 75%.
  • Raymond James analyst Ric Prentiss downgraded the stock from Strong Buy to Market Perform on Nov. 7, 2020. This analyst has an accuracy rate of 56%.
  • Recent News: In November, Telephone and Data posted a third-quarter loss of 22 cents per share.

Sinclair Broadcast Group, Inc. SBGI

  • Dividend Yield: 5.18%
  • B. Riley Securities analyst Zack Silver maintained a Neutral rating and slashed the price target from $22 to $17 on May 5, 2020. This analyst has an accuracy rate of 83%.
  • Deutsche Bank analyst Connor Murply maintained a Hold rating and cut the price target from $31 to $28 on May 23, 2022. This analyst has an accuracy rate of 73%.
  • Recent News: FuboTV & Sinclair Broadcast Group, last month, announced a comprehensive carriage agreement, including the launch of Bally Sports Regional Sports Networks.

Now Read This: Markets Turn More Bullish Ahead Of Earnings

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Posted In: NewsDividendsPrice TargetSmall CapIntraday UpdateMarketsAnalyst RatingsTrading IdeasCommunication Services SectorHigh-Dividend YieldsMost Accurate Analysts
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