Wall Street's Most Accurate Analysts Weigh In On 3 Tech And Telecom Stocks With Over 6% Dividend Yields
$CCOI
$GTN
$SBGI
Telecommunications Equipment
Consumer Discretionary
Broadcasting
Industrials
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, 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.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
Sinclair, Inc. (NASDAQ:SBGI)
- Dividend Yield: 7.51%
- Wells Fargo analyst Steven Cahall maintained an Underweight rating and raised the price target from $12 to $13 on March 1. This analyst has an accuracy rate of 64%.
- Rosenblatt analyst Barton Crockett maintained a Neutral rating and increased the price target from $10.4 to $15.7 on Jan. 18. This analyst has an accuracy rate of 65%.
- Recent News: On June 24, Jerald “Jerry” Fritz, Executive Vice President for Strategic and Legal Affairs at ONE Media Technologies, LLC, a subsidiary of Sinclair, Inc., announced his retirement.
- Benzinga Pro's real-time newsfeed alerted to latest Sinclair's news
Gray Television, Inc. (NYSE:GTN)
- Dividend Yield: 6.96%
- Benchmark analyst Daniel Kurnos maintained a Buy rating and raised the price target from $11 to $13 on May 8. This analyst has an accuracy rate of 72%.
- Wells Fargo analyst Steven Cahall maintained an Underweight rating and increased the price target from $5.5 to $6 on May 8. This analyst has an accuracy rate of 64%.
- Recent News: Gray Television said it will release its earnings results for the quarter ended, June 30, 2024 on Thursday, Aug. 8, 2024.
- Benzinga Pro's charting tool helped identify the trend in GTN's stock.
Cogent Communications Holdings, Inc. (NASDAQ:CCOI)
- Dividend Yield: 6.83%
- Keybanc analyst Josh Beck maintained an Overweight rating and cut the price target from $88 to $80 on May 10. This analyst has an accuracy rate of 76%.
- B of A Securities analyst David Barden downgraded the stock from Buy to Neutral and slashed the price target from $85 to $75 on March 7. This analyst has an accuracy rate of 67%.
- Recent News: On May 9, Cogent Communications raised its quarterly dividend from 96.5 cents to 97.5 cents per share.
- Benzinga Pro's signals feature notified of a potential breakout in CCOI’s shares.
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