Worried about a correction in the stock market? It’s probably time to begin checking the dividend yields of various stocks. Several companies have high free cash flows and reward shareholders with a high dividend payout. Keeping an eye on these stocks and what the most accurate analysts say to do with them can be extremely helpful. So, here are the ratings of the most accurate analysts for the high-yielding stocks in the communication services sector.
Verizon Communications Inc. (NYSE:VZ)
- Dividend Yield: 6.59%
- Nomura analyst Jeff Kvaal maintained a Neutral rating and slashed the price target from $65 to $61 on March 30, 2020. This analyst has an accuracy rate of 79%.
- Baird analyst William Power maintained a Neutral rating and slashed the price target from $60 to $58 on April 28, 2020. This analyst has an accuracy rate of 86%.
- Recent News: Verizon’s sales grew 3.5% year-on-year in the fourth-quarter of fiscal 2022 to $35.3 billion, beating the consensus estimate of $35.1 billion.
Telephone and Data Systems, Inc. (NYSE:TDS)
- Dividend Yield: 5.95%
- Morgan Stanley analyst Simon Flannery downgraded the stock from Overweight to Equal-Weight with a price target of $22 on April 19, 2022. This analyst has an accuracy rate of 75%.
- Raymond James analyst Ric Prentiss downgraded the stock from Strong Buy to Market Perform on Nov. 7, 2020. This analyst has an accuracy rate of 56%.
- Recent News: In November, Telephone and Data posted a third-quarter loss of 22 cents per share.
Sinclair Broadcast Group, Inc. (NASDAQ:SBGI)
- Dividend Yield: 5.18%
- B. Riley Securities analyst maintained a Neutral rating and slashed the price target from $22 to $17 on May 5, 2020. This analyst has an accuracy rate of 83%.
- Deutsche Bank analyst Connor Murply maintained a Hold rating and cut the price target from $31 to $28 on May 23, 2022. This analyst has an accuracy rate of 73%.
- Recent News: FuboTV & Sinclair Broadcast Group, last month, announced a comprehensive carriage agreement, including the launch of Bally Sports Regional Sports Networks.
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