Benzinga - by Avi Kapoor, Benzinga Staff Writer.
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.
Nexstar Media Group, Inc. (NASDAQ: NXST)
- Dividend Yield: 3.06%
- Citigroup analyst Jason Bazinet initiated coverage on the stock with a Neutral rating and a price target of $158 on Dec. 8, 2023. This analyst has an accuracy rate of 68%.
- Rosenblatt analyst Barton Crockett reiterated a Buy rating with a price target of $230 on Sept. 15, 2023. This analyst has an accuracy rate of 61%.
- Recent News: Nexstar Media entered into time brokerage agreement with KAZT-TV.
- Dividend Yield: 3.15%
- Citigroup analyst Jason Bazinet maintained a Buy rating and cut 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 slashed 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.
- Dividend Yield: 3.86%
- Citigroup analyst Jason Bazinet maintained a Buy rating and cut the price target from $43 to $40 on Oct. 23, 2023. This analyst has an accuracy rate of 68%.
- Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating on the stock and lowered the price target from $35 to $33 on Oct. 23, 2023. This analyst has an accuracy rate of 73%.
- Recent News: Interpublic Group said Chad Engelgau, its CEO, is leaving the company at the end of January.
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