In turbulent and uncertain market times, investors often turn to dividend-yielding stocks. These stocks are typically from companies with robust free cash flow, which allows them to offer substantial dividends to shareholders. Benzinga's readers can explore the latest analyst insights on preferred stocks by visiting the Analyst Stock Ratings page. Here, traders can dive into Benzinga’s comprehensive database that sorts analyst ratings by accuracy.
Focusing on the communication services sector, we highlight the ratings from top analysts for three high-yield stocks. First is Verizon Communications Inc. (VZ), which boasts a dividend yield of 6.59%. Notable analysts include Scotiabank's Maher Yaghi, who has a 71% accuracy rate and recently suggested a Sector Perform rating, trimming the price target from $47.25 to $47. Similarly, UBS's John Hodulik, with a 73% accuracy, maintained a Neutral rating but increased the price target from $43 to $44. Recent developments impacting Verizon include Frontier Communications Parent, Inc.’s stockholders approving Verizon's acquisition move on November 13...
Next, AT&T Inc. (T) presents a dividend yield of 4.98%. Wells Fargo's Eric Luebchow, with a 69% accuracy rate, kept an Overweight rating but adjusted the price target from $25 to $24. Tigress Financial's Ivan Feinseth, sharing the same accuracy rate, maintained a Buy rating and raised the price target from $29 to $30. In recent news, AT&T reached an agreement with United States Cellular Corp. on November 7 to sell part of its spectrum licenses for over $1 billion, again flagged by Benzinga Pro.
Lastly, Nexstar Media Group, Inc. (NXST) offers a 4.07% dividend yield. Barrington Research's James Goss, noted for a 65% accuracy, maintained an Outperform rating with a $200 price target. Meanwhile, Daniel Kurnos from Benchmark, with a 76% accuracy rate, reiterated a Buy rating, aiming for a price target of $215. Recently, Nexstar appointed Bill Sammon as Senior VP of Washington, D.C., Editorial Content for The Hill and NewsNation. Benzinga Pro’s tools have been instrumental in identifying trends and changes in NXST stock performance.