Wall Street's Most Accurate Analysts Say Buy These 3 Tech And Telecom Stocks Delivering High-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.

Nexstar Media Group, Inc. NXST

Dividend Yield: 3.00%

• Benchmark analyst Daniel Kurnos reiterated a Buy rating with a price target of $230 on March 1, 2023. This analyst has an accuracy rate of 76%.
• Deutsche Bank analyst Connor Murphy maintained a Buy rating and raised the price target from $216 to $225 on May 12, 2022. This analyst has an accuracy rate of 68%.
• Recent News: Nexstar and Hawaiian Telcom reached a multi-year distribution agreement.

The Interpublic Group of Companies, Inc. IPG

• Dividend Yield: 3.67%
• Citigroup analyst Jason Bazinet maintained a Buy rating and cut the price target from $45 to $43 on July 24, 2023. This analyst has an accuracy rate of 63%.
• JP Morgan analyst David Karnovsky maintained an Overweight rating and increased the price target from $38 to $39 on Jan. 23, 2023. This analyst has an accuracy rate of 69%.
• Recent News: The company posted better-than-expected second-quarter earnings.

Cogent Communications Holdings, Inc. CCOI

Dividend Yield: 6.24%

• Keybanc analyst Josh Beck maintained an Overweight rating and raised the price target from $71 to $77 on May 5, 2023. This analyst has an accuracy rate of 70%.
• B of A Securities analyst David Barden upgraded the stock from Underperform to Buy and boosted the price target from $45 to $85 on May 3, 2023. This analyst has an accuracy rate of 64%.
• Recent News: Cogent Communications is all set to release its latest quarterly earnings report on Aug. 10, 2023.

Read More: Expedia Likely To Post Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts