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.
Omnicom Group Inc. OMC
- Dividend Yield: 3.29%
- Citigroup analyst Jason Bazinet maintained a Buy rating and slashed the price target from $113 to $112 on Oct. 19, 2023. This analyst has an accuracy rate of 68%.
- 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%.
- Recent News: On Oct. 17, Omnicom Group posted upbeat third-quarter earnings.
Verizon Communications Inc. VZ
- Dividend Yield: 6.76%
- Oppenheimer analyst Timothy Horan reiterated an Outperform rating with a price target of $43 on Dec. 9, 2023. This analyst has an accuracy rate of 70%.
- Citigroup analyst Michael Rollins maintained a Buy rating and increased the price target from $40 to $42 on Dec. 14, 2023. This analyst has an accuracy rate of 78%.
- Recent News: Verizon recently announced a new Netflix and Max bundle for $10 monthly for an ad-supported plan of both services.
AT&T Inc. T
- Dividend Yield: 6.47%
- Citigroup analyst Michael Rollins maintained a Buy rating and raised the price target from $17 to $18 on Oct. 23, 2023. This analyst has an accuracy rate of 78%.
- Scotiabank analyst Jeff Fan upgraded the stock from Sector Perform to Sector Outperform with a price target of $18.5 on Oct. 20, 2023. This analyst has an accuracy rate of 74%.
- Recent News: T-Mobile US announced the inclusion of Hulu in its suite of complimentary streaming services, enhancing its Go5G Next plan.
Read More: Jim Cramer: This Energy Firm Has 'Good Growth, Good Yield' But As For IonQ? Ixnay
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