Benzinga - by Lisa Levin, Benzinga Editor.
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.
Cogent Communications Holdings, Inc. (NASDAQ: CCOI)
- Dividend Yield: 5.74%
- Keybanc analyst Josh Beck maintained an Overweight rating and raised the price target from $77 to $80 on Aug. 11, 2023. This analyst has an accuracy rate of 74%.
- JP Morgan analyst Philip Cusick downgraded the stock from Overweight to Neutral and cut the price target from $72 to $70 on May 8, 2023. This analyst has an accuracy rate of 63%.
- Recent News: Cogent Communications posted a wider-than-expected third-quarter loss.
- Dividend Yield: 4.16%
- 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 and lowered the price target from $35 to $33 on Oct. 23, 2023. This analyst has an accuracy rate of 73%.
- Recent News: Interpublic reported mixed third-quarter financial results.
- Dividend Yield: 3.67%
- 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%.
- Benchmark analyst Daniel Kurnos reiterated a Buy rating with a price target of $230 on March 1, 2023. This analyst has an accuracy rate of 78%.
- Recent News: Nexstar Media reported a third-quarter FY23 net revenue decline of 10.8% Y/Y to $1.13 billion, missing the consensus of $1.17 billion.
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