Wall Street's Most Accurate Analysts Weigh In On 3 Tech And Telecom Stocks With Over 4% Dividend Yields

Benzinga · 10/14 12:42

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 utilities sector.

Verizon Communications Inc. (NYSE:VZ)

  • Dividend Yield: 6.30%
  • Tigress Financial analyst Ivan Feinseth maintained a Buy rating and raised the price target from $52 to $55 on Oct. 1. This analyst has an accuracy rate of 73%.
  • Citigroup analyst Michael Rollins maintained a Buy rating and raised the price target from $47 to $49 on Sept. 25. This analyst has an accuracy rate of 77%.
  • Recent News: Verizon, last week, announced new round of grant funding for small businesses.
  • Benzinga Pro's real-time newsfeed alerted to latest VZ news.

AT&T Inc. (NYSE:T)

  • Dividend Yield: 5.19%
  • Tigress Financial analyst Ivan Feinseth maintained a Buy rating and increased the price target from $29 to $30 on Sept. 27. This analyst has an accuracy rate of 73%.
  • Citigroup analyst Michael Rollins maintained a Buy rating and boosted the price target from $21 to $24 on Sept. 11. This analyst has an accuracy rate of 77%
  • Recent News: The company’s board of directors declared a quarterly dividend of $27.75 cents per share on common shares.
  • Benzinga Pro's real-time newsfeed alerted to latest T news.

Cogent Communications Holdings, Inc. (NASDAQ:CCOI)

  • Dividend Yield: 4.90%
  • B of A Securities analyst David Barden downgraded the stock from Neutral to Underperform rating and cut the price target from $75 to $65 on Aug. 21. This analyst has an accuracy rate of 66%.
  • Citigroup analyst Michael Rollins maintained a Buy rating and boosted the price target from $70 to $82 on Aug. 19. This analyst has an accuracy rate of 77%.
  • Recent News: On Aug. 8, Cogent Communications reported a loss for the second quarter.
  • Benzinga Pro’s charting tool helped identify the trend in CCOI stock.

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