Wall Street's Most Accurate Analysts Say Hold These 3 Tech And Telecom Stocks With Over 3% Dividend Yields

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. SBGI

• Dividend Yield: 7.42%
• Rosenblatt analyst Barton Crockett maintained a Neutral rating and cut the price target from $18.6 to $13.5 on Sept. 5, 2023. This analyst has an accuracy rate of 61%.
• Deutsche Bank analyst Bryan Kraft maintained a Hold rating and slashed the price target from $18 to $17 on Aug. 15, 2023. This analyst has an accuracy rate of 66%.
• Recent News: On Nov. 1, Sinclair reported better-than-expected third-quarter sales results and issued guidance.

The Interpublic Group of Companies, Inc. IPG

• Dividend Yield: 3.94%
• Barclays analyst Julien Roch maintained an Equal-Weight rating and cut the price target from $38.26 to $35 on Oct. 23, 2023. This analysts has an accuracy rate of 63%.
• Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating and cut the price target from $35 to $33 on Oct. 23, 2023. This analyst has an accuracy rate of 73%.
• Recent News: On Oct. 20, Interpublic reported mixed third-quarter financial results.

Omnicom Group Inc. OMC

• Dividend Yield: 3.40%
• Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating and cut the price target from $100 to $90 on Oct. 16, 2023. This analyst has an accuracy rate of 73%.
• Barclays analyst Julien Roch maintained an Equal-Weight rating and increased the price target from $95 to $105 on Feb. 9, 2023. This analyst has an accuracy rate of 63%.
• Recent News: On Oct. 17, Omnicom Group posted upbeat third-quarter earnings.

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