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 .
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: 7.40%
- Wells Fargo analyst Steven Cahall maintained an Underweight rating and raised the price target from $12 to $13 on March 1, 2024. This analyst has an accuracy rate of 60%.
- Rosenblatt analyst Barton Crockett maintained a Neutral rating and boosted the price target from $10.4 to $15.7 on Jan. 18, 2024. This analyst has an accuracy rate of 67%.
- Recent News: On Feb. 28, Sinclair Broadcast Group posted downbeat quarterly sales.
Playtika Holding Corp. (NASDAQ:PLTK)
- Dividend Yield: 5.85%
- Goldman Sachs analyst Eric Sheridan maintained a Neutral rating and cut the price target from $11 to $8.75 on Feb. 27, 2024. This analyst has an accuracy rate of 76%.
- Stifel analyst Drew Cum maintained a Buy rating and cut the price target from $11 to $10 on Feb. 27, 2024. This analyst has an accuracy rate of 72%.
- Recent News: On Feb. 26, Playtika Holding reported fourth-quarter EPS miss and issued FY24 outlook.
Gray Television, Inc. (NYSE:GTN)
- Dividend Yield: 5.70%
- Guggenheim analyst Curry Baker maintained a Buy rating and cut the price target from $15 to $14 on Aug. 8, 2023. This analyst has an accuracy rate of 67%.
- Benchmark analyst Daniel Kurnos reiterated a Buy rating with a price target of $19 on Aug. 7, 2023. This analyst has an accuracy rate of 76%.
- Recent News: On Feb. 23, Gray Television reported fourth-quarter fiscal 2023 sales that fell 19% Y/Y to $864.00 million, beating the analyst consensus of $863.31 million.
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