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: 3.03%
- Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating and raised the price target from $40 to $42 on July 17, 2023. This analyst has an accuracy rate of 73%.
- MoffettNathanson analyst Michael Nathanson downgraded the stock from Outperform to Market Perform and increased the price target from $36 to $37 on Feb. 10, 2023. This analyst has an accuracy rate of 66%.
- Recent News: Interpublic posted better-than-expected earnings for its first quarter.
Cogent Communications Holdings, Inc. CCOI
- Dividend Yield: 5.95%
- 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 increased the price target from $45 to $85 on May 3, 2023. This analyst has an accuracy rate of 64%.
- Recent News: Cogent Comms Hldgs posted weaker-than-expected first-quarter results.
JOYY Inc. YY
- Dividend Yield: 6.16%
- Benchmark analyst Fawne Jiang reiterated a Buy rating with a price target of $49 on June 1, 2023. This analyst has an accuracy rate of 73%.
- JP Morgan analyst Daniel Chen maintained a Neutral rating and cut the price target from $35 to $30 on April 14, 2023. This analyst has an accuracy rate of 62%.
- Recent News: JOYY posted upbeat earnings for its first quarter.
Read More: Markets Remain Bullish After Dow Rises For Eighth Consecutive Session
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