In times of market uncertainty, many investors seek the stability of dividend-yielding stocks. These companies often boast strong cash flows and reward shareholders with consistent dividend payouts. To help investors navigate this landscape, Benzinga offers a comprehensive database of analyst ratings, allowing readers to assess the latest takes on their favorite stocks. Below are the ratings of some of the most accurate analysts for three high-yielding companies in the communication services sector.
Verizon Communications Inc. (VZ)
Verizon, with a dividend yield of 6.45%, has attracted the attention of analysts. Scotiabank’s Maher Yaghi maintained a “Sector Perform” rating on July 10, raising the price target from $45.5 to $46.5. Yaghi boasts a 70% accuracy rate. Tigress Financial’s Ivan Feinseth, with a 71% accuracy rate, maintained a “Buy” rating and increased the price target from $50 to $52 on May 17. Recent news surrounding Verizon includes an Enterprise Infrastructure Solutions (EIS) deal with the National Labor Relations Board (NLRB). Benzinga Pro’s real-time newsfeed provides continuous updates on VZ news.
AT&T Inc. (T)
AT&T, with a dividend yield of 5.62%, has garnered positive analyst sentiment. Scotiabank’s Jeff Fan maintained a “Sector Outperform” rating on July 25, raising the price target from $23 to $24. Fan’s accuracy rate stands at 75%. Oppenheimer’s Timothy Horan maintained an “Outperform” rating on the same day, increasing the price target from $21 to $23. Horan’s accuracy rate is 70%. AT&T will release its third-quarter 2024 results on Wednesday, October 23. Benzinga Pro’s charting tool can help investors identify trends in T stock.
TEGNA Inc. (TGNA)
TEGNA, with a dividend yield of 3.63%, has drawn mixed analyst opinions. Benchmark’s Daniel Kurnos reiterated a “Buy” rating with a price target of $21 on August 8. Kurnos has a 72% accuracy rate. JP Morgan’s David Karnovsky, on the other hand, maintained a “Neutral” rating and reduced the price target from $17 to $15 on March 1. Karnovsky has a 70% accuracy rate. Recent news about TEGNA includes the appointment of Carrie Yates as President and General Manager at WZDX in Huntsville on August 29. Benzinga Pro’s signals feature alerts users to potential breakouts in TGNA shares.
