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.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
The Interpublic Group of Companies, Inc. (NYSE:IPG)
- Dividend Yield: 4.21%
- Barclays analyst Julien Roch maintained an Equal-Weight rating and cut the price target from $35 to $34 on July 25. This analyst has an accuracy rate of 61%.
- Morgan Stanley analyst Benjamin Swinburne downgraded the stock from Equal-Weight to Underweight and slashed the price target from $34 to $28 on July 22. This analyst has an accuracy rate of 76%.
- Recent News: On July 24, Interpublic posted better-than-expected quarterly earnings.
- Benzinga Pro's real-time newsfeed alerted to latest IPG news
Verizon Communications Inc. (NYSE:VZ)
- Dividend Yield: 6.53%
- TD Cowen analyst Dan Brennan maintained a Buy rating and raised the price target from $48 to $51 on July 23. This analyst has an accuracy rate of 68%.
- JP Morgan analyst Philip Cusick maintained a Neutral rating and cut the price target from $46 to $45 on July 23. This analyst has an accuracy rate of 65%.
- Recent News: Verizon inked a new Enterprise Infrastructure Solutions (EIS) deal with the National Labor Relations Board (NLRB), an independent federal agency that focuses on the rights of private sector employees.
- Benzinga Pro's charting tool helped identify the trend in VZ stock.
Cogent Communications Holdings, Inc. (NASDAQ:CCOI)
- Dividend Yield: 5.20%
- Citigroup analyst Michael Rollins maintained a Buy rating and raised the price target from $70 to $82 on Aug. 19. This analyst has an accuracy rate of 77%.
- B of A Securities analyst David Barden maintained a Neutral rating and increased the price target from $70 to $75 on Aug. 13. This analyst has an accuracy rate of 68%.
- Recent News: On Aug. 8, Cogent Communications reported a loss for the second quarter.
- Benzinga Pro's signals feature notified of a potential breakout in CCOI shares.
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