Wall Street’s Most Accurate Analysts Say Buy These 3 Tech And Telecom Stocks With Over 3% Dividend Yields – Interpublic Gr of Cos (NYSE:IPG), Cogent Comms Hldgs

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. CCOI

• Dividend Yield: 5.56%
• Keybanc analyst Josh Beck maintained an Overweight rating and raised the price target from $71 to $77 on May 5, 2023. This analyst has an accuracy rate of 70%.
• B of A Securities analyst David Barden upgraded the stock from Underperform to Buy and boosted the price target from $45 to $85 on May 3, 2023. This analyst has an accuracy rate of 64%.
• Recent News: Cogent Comms posted weaker-than-expected first-quarter results.

The Interpublic Group of Companies, Inc. IPG

• Dividend Yield: 3.21%
• Citigroup analyst Jason Bazinet maintained a Buy rating and increased the price target from $39 to $45 on Feb. 14, 2023. This analyst has an accuracy rate of 63%.
• JP Morgan analyst David Karnovsky maintained an Overweight rating and raised the price target from $38 to $39 on Jan. 23, 2023. This analyst has an accuracy rate of 69%.
• Recent News: Interpublic posted better-than-expected first-quarter earnings.

Nexstar Media Group, Inc. NXST

• Dividend Yield: 3.24%
• 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 76%.
• Deutsche Bank analyst Connor Murphy maintained a Buy rating and increased the price target from $216 to $225 on May 12, 2022. This analyst has an accuracy rate of 68%.
• Recent News: A new carriage dispute has erupted between Nexstar Media Group and AT&T, and TPG Inc-owned DirecTV, leading to over 150 local TV stations going dark on one of the largest pay-TV providers in the country, Deadline reported.

Read More: Investor Sentiment Declines Ahead Of Fed Minutes