Wall Street's Most Accurate Analysts Say Hold These 3 Tech And 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.

The Interpublic Group of Companies, Inc. IPG

  • Dividend Yield: 3.45%
  • MoffettNathanson analyst Michael Nathanson downgraded the stock from Outperform to Market Perform and raised the price target from $36 to $37 on Feb. 10, 2023. This analyst has an accuracy rate of 66%.
  • Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating and raised the price target of $35 to $40 on Feb. 6, 2023. This analyst has an accuracy rate of 73%.
  • Recent News: Interpublic posted better-than-expected earnings for its first quarter.

Telephone and Data Systems, Inc. TDS

  • Dividend Yield: 10.15%
  • Morgan Stanley analyst Simon Flannery maintained an Equal-Weight rating and cut the price target from $22 to $16 on Feb. 7, 2023. This analyst has an accuracy rate of 71%.
  • JP Morgan analyst Philip Cusick upgraded the stock from Underweight to Neutral and slashed the price target from $21 to $14 on Nov. 8, 2022. This analyst has an accuracy rate of 59%.
  • Recent News: Telephone and Data Systems reported worse-than-expected first-quarter EPS and sales results.

Verizon Communications Inc. VZ

  • Dividend Yield: 7.10%
  • B of A Securities analyst David Barden maintained a Neutral rating and cut the price target from $51 to $41 on March 23, 2023. This analyst has an accuracy rate of 64%.
  • Citigroup analyst Michael Rollins maintained a Neutral rating and raised the price target from $39 to $42 on Jan. 26, 2023. This analyst has an accuracy rate of 77%.
  • Recent News: Verizon Communications reported a first-quarter FY23 sales decline of 1.9% year-on-year to $32.9 billion, missing the consensus of $33.6 billion.

Read More: Top 5 Materials Stocks Which Could Rescue Your Portfolio This Quarter

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Posted In: NewsDividendsPrice TargetSmall CapPre-Market OutlookMarketsAnalyst RatingsTrading Ideasdividend yieldExpert IdeasTech And Telecom StocksWall Street's Most Accurate Analysts
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