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 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.
Verizon Communications Inc. (NYSE:VZ)
- Dividend Yield: 6.59%
- Scotiabank analyst Maher Yaghi maintained a Sector Perform rating and cut the price target from $47.25 to $47 on Oct. 23. This analyst has an accuracy rate of 71%.
- UBS analyst John Hodulik maintained a Neutral rating and raised the price target from $43 to $44 on Oct. 23. This analyst has an accuracy rate of 73%.
- Recent News: Frontier Communications Parent, Inc. (NASDAQ:FYBR) announced that its stockholders approved the acquisition by Verizon at its special meeting held on Nov. 13.
- Benzinga Pro’s real-time newsfeed alerted to latest VZ news.
AT&T Inc. (NYSE:T)
- Dividend Yield: 4.98%
- Wells Fargo analyst Eric Luebchow maintained an Overweight rating and cut the price target from $25 to $24 on Oct. 24. This analyst has an accuracy rate of 69%.
- Tigress Financial analyst Ivan Feinseth maintained a Buy rating and raised the price target from $29 to $30 on Sept. 27. This analyst has an accuracy rate of 69%.
- Recent News: On Nov. 7, United States Cellular Corp (NYSE:USM) agreed with AT&T to sell a portion of its retained spectrum licenses for $1.018 billion.
- Benzinga Pro’s real-time newsfeed alerted to latest T news.
Nexstar Media Group, Inc. (NASDAQ:NXST)
- Dividend Yield: 4.07%
- Barrington Research analyst James Goss maintained an Outperform rating with a price target of $200 on Oct. 12. This analyst has an accuracy rate of 65%.
- Benchmark analyst Daniel Kurnos reiterated a Buy rating with a price target of $215 on Oct. 8. This analyst has an accuracy rate of 76%.
- Recent News: On Nov. 13, the company appointed Bill Sammon as Senior Vice President of Washington, D.C., Editorial Content for The Hill and NewsNation.
- Benzinga Pro’s charting tool helped identify the trend in NXST stock.
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