Wall Street's Most Accurate Analysts Say Hold These 3 Tech And Telecom Stocks Delivering High-Dividend Yields

Avi Kapoor

March 20, 2024

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.

TEGNA Inc. (NYSE:TGNA)

Dividend Yield: 3.22%
JP Morgan analyst David Karnovsky maintained a Neutral rating and cut the price target from $17 to $15 on March 1, 2024. This analyst has an accuracy rate of 67%.
Wells Fargo analyst Steven Cahall maintained an Equal-Weight rating and lowered the price target from $17 to $15 on Feb. 9, 2024. This analyst has an accuracy rate of 60%.
Recent News: TEGNA said it will host a conference call to discuss its first quarter 2024 earnings results on May 8, 2024.

Omnicom Group Inc. (NYSE:OMC)

Dividend Yield: 3.00%
Wells Fargo analyst Steven Cahall maintained an Equal-Weight rating and raised the price target from $85 to $91 on Feb. 7, 2024. This analyst has an accuracy rate of 60%.
Barclays analyst Julien Roch maintained an Equal-Weight rating and boosted the price target from $95 to $100 on Jan. 29, 2024. This analyst has an accuracy rate of 61%.
Recent News: On Feb. 28, Omnicom priced its €600 million senior notes offering.

Sinclair, Inc. (NASDAQ:SBGI)

Dividend Yield: 8.60%
Rosenblatt analyst Barton Crockett maintained a Neutral rating and raised the price target from $10.4 to $15.7 on Jan. 18, 2024. This analyst has an accuracy rate of 65%.
Deutsche Bank analyst Bryan Kraft maintained a Hold rating and cut the price target from $18 to $17 on Aug. 15, 2023. This analyst has an accuracy rate of 65%.
Recent News: On Feb. 28, Sinclair posted weaker-than-expected quarterly results.

Read More: Micron, Signet Jewelers And 3 Stocks To Watch Heading Into Wednesday

Recommended

America's Final Republican President - Ad

Defi Coin Triggers All "Buy" Signals and Could Break Out Soon - Ad

What Should You Be Doing To "A.I.-Proof" Your Retirement? - Ad

Is Rhona Graff, Donald Trump's former assistant, the key witness in his Manhattan trial? Graff's testimony has shed light on her pivotal role at Trump Tower.

How to design a volunteering program in your workplace

More workplaces are bolstering their volunteer programs, especially as employee demands grow for socially responsible employers and engagement. Nearly three in five companies surveyed by the Association of Corporate Citizenship Professionals reported last year.

CRITICAL May 1st Warning

CRITICAL May 1st Warning - Ad

Jason Bodner is going public today with an urgent new warning. He believes the most popular investment of 2024 is set to pop... And it could all start just days from now. This has NOTHING to do with A.I. stocks... It has NOTHING to do with crypto currency... And it has NOTHING to do with high-flying tech stocks. Instead, this corner of the market you likely have cash parked in has swelled to nearly $6 trillion.

Amid Latest Indictments, Former Trump Aide Slams Ex-President Over Treatment Of 'Bodies Around Him': 'He Takes Out Everybody Who Is Loyal To Him'

Cassidy Hutchinson, a former aide to Donald Trump, publicly expressed her disapproval of the ex-president following the recent indictments of his associates in the Arizona fake electors scheme.

Biden Vs. Trump Contest Could Be Lost Cause For One Candidate If History Were Anything To Go By, According To Pollster

The 2024 election is viewed as closely contested at this stage, with no clear lead emerging, but historical trends suggest a likely winner.

One Coin to Rule Them All...

One Coin to Rule Them All... - Ad

Hardly any investors are talking about this coin but I believe that's about to change with some potentially huge news! Get in on the ground floor while it's rock bottom with this new how-to guide, just $3.

Move Over Nvidia: Experts Bullish On Intel's AI Chip, Predict Surge In These Three Global Stocks

Charlie Chan and his team at Morgan Stanley forecast that the total Gaudi shipment volume could hit 300-400k units in 2025, generating $2-3bn revenue for Intel.

Cathie Wood's Ark Invest Hoards Palantir Stock Ahead Of Q1 Earnings, Adds More Of This Buffett-Backed EV Bet, Buys Meta, Roku Earnings Dip

Ark, which prides itself as an investor in disruptive innovation, increased its holdings of two AI plays and also resumed purchases of a Chinese EV stock.

The Man Who Bought Bitcoin at $5 Reveals His Next Tiny Crypto Gem for 2024

The Man Who Bought Bitcoin at $5 Reveals His Next Tiny Crypto Gem for 2024 - Ad

Early Bitcoin Millionaire Charlie Shrem just revealed his five little-known crypto coins that he believes could create generational wealth over the next 12 months. What's more, some of these tiny cryptos he's discovered trade for less than $1!

Trump VP Contender Kristi Noem Stirs Controversy Defending Dog's Brutal Killing On Family Farm: 'It Had To Be Done'

Trump VP contender Kristi Noem is facing backlash for defending her dog's brutal killing on a family farm in an upcoming memoir.

5 cars from the Beijing auto show that reflect China's vision for the future of driving

BEIJING (AP) — China's vision of the future of the automobile — electrified and digitally connected — is on display at the ongoing .

Why Banks Could See a "Cash Frenzy" on May 1

Why Banks Could See a "Cash Frenzy" on May 1 - Ad

He called the Lehman Brothers collapse in 2008... the Bitcoin crash in 2018... and the inflation crisis of 2022. Now, he's warning that the 2023 banking crisis is not over yet. Instead, we could see a cash frenzy at banks as soon as March 11. Do NOT buy another stock until you see his newest presentation.

Alphabet CEO Sundar Pichai Lauds 'Progress' Despite Controversies Surrounding Google Gemini: Developer And Enterprise Customers Use It For 'Wide Range Of Things'

Alphabet Inc. CEO Sundar Pichai expressed satisfaction with the development of the company's Gemini AI, highlighting its significant performance improvements and its acceptance among developers and enterprise customers, despite facing controversies over its accuracy and image generation capabilities.

Top 3 Tech Stocks That May Explode This Month

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Crypto Reboot Finally Makes An 8,788% Return Possible [NOT Bitcoin]

Crypto Reboot Finally Makes An 8,788% Return Possible [NOT Bitcoin] - Ad

A crypto millionaire is revealing that a different cryptocurrency is going to do even better... It's not simply "buy the dip." Instead, it's a strategy that James learned during the dot com stock market crash. Not only has this strategy worked in a crash... it needs a crash to work best.

Elon Musk Take Fight For Free Speech Abroad, Feuds With Australia And Brazil Over Content Restriction

Elon Musk's acquisition of X sparks global debate as clashes with Brazil and Australia over free speech restrictions intensify.

Trump 'Took Marijuana Reform Backwards' While President, Says Biden Reelection Campaign

Trump's actions hindered cannabis reform, but Biden's administration hasn't addressed enforcement guidance.

A.I. Pioneer Issues Urgent Warning to Americans

A.I. Pioneer Issues Urgent Warning to Americans - Ad

According to one early A.I. pioneer: "You can either use this as an unfair advantage to grow your wealth, or you can let it ravage your retirement savings. There's no middle option."

NY AG Letitia James Seeks To Void Trump's $175M Bond In Civil Fraud Case

The New York Attorney General Letitia James' office has moved to invalidate the $175 million bond secured by former President Donald Trump.

Oil sprays from an ANA flight carrying 213 people as it lands in northern Japan

TOKYO (AP) — Oil sprayed from an All Nippon Airways plane as it landed Wednesday at Shin Chitose airport in northern Japan, but none of the 213 people on board was injured, officials said.

MUST SEE By May 1: Beware Biden's Trojan Horse

MUST SEE By May 1: Beware Biden's Trojan Horse - Ad

It could usher in the most radical transformation of our money we've ever seen in America's history... trigger a surprise election outcome in the coming months... and fundamentally alter the value of your savings forever. One 24-year market veteran warns that most Americans simply aren't prepared for what's coming on May 1.

Delta Flight Returns To Atlanta After Takeoff: Boeing 757 'Yawing Aggressively'

Delta Air Lines flight from Atlanta to Ft. Lauderdale diverted back to Atlanta due to Boeing 757 yawing aggressively.

Once Called The 'Apple Store Of Weed' And Valued At $1.7B, This Cannabis Company Has Declared Bankruptcy

Once hailed as the first cannabis unicorn and the "Apple store of weed," MedMen spiraled as troubling financial reports began to leak.

America's Cash Bubble Set to Burst on May 1, 2024

America's Cash Bubble Set to Burst on May 1, 2024 - Ad

For the first time I've ever heard of... we know the exact day (and time) a bubble is going to burst. This is insane and something we only have access to because of Jason's findings (that he's sharing with his ultra-elite clients). To find out what the cash bubble is and why you're vulnerable to it without even realizing...

Hochul announces budget outline as lawmakers continue to hash out details

ALBANY, N.Y. (AP) — New York Gov. Kathy Hochul on Monday announced the framework of a $237 billion that includes broad plans to drive new housing construction, address the influx of migrants and crack down on .

Courtroom Appearances By These Two Members Of Donald Trump's Family Could Help Him In Hush-Money Trial, Say Experts

As former President Donald Trump faces a hush-money trial, legal experts suggest that the presence of his wife, former First Lady Melania Trump, and daughter, Ivanka Trump, could significantly influence t

Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software"

Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software" - Ad

Denver firm proves its possible to use AI to save the lives of soldiers in combat. England, Germany, Japan and Australia have all signed contracts within the past 18 months.

How Much Will Taylor Swift's Net Worth Grow With 'The Tortured Poets Department'?

How much will Taylor Swift's 'The Tortured Poets Department' boost her net worth? Get expert insights here

The world's largest 3D printer is at a university in Maine. It just unveiled an even bigger one

ORONO, Maine (AP) — The world’s largest 3D printer has created a house that can cut construction time and labor. An even larger printer unveiled on Tuesday may one day create entire neighborhoods.

Why James Altucher SOLD All His Bitcoin

Why James Altucher SOLD All His Bitcoin - Ad

Crypto genius James Altucher has been praising Bitcoin since it was trading for $61. But now he's buying another coin like crazy... and it's not Bitcoin!

Southwest Airlines is considering changes to its quirky boarding and seating practices

DALLAS (AP) — Southwest Airlines is studying changes to its quirky boarding and seating policies as it searches for ways to .

Cathie Wood's Ark Buys Roku, Palantir And $1M Worth Of Stock In This Healthcare Company

Roku is the third biggest holding of Ark's flagship ARKK exchange-traded fund.

The Mysterious Tale of "America's No. 1 Retirement Stock"

The Mysterious Tale of "America's No. 1 Retirement Stock" - Ad

This factory of 53,000 employees, in Burbank, CA, was camouflaged to look like a sleepy suburb (with the help of artists, set designers, and painters from nearby Hollywood movie studios). The mysterious company behind this disappearing act is now being called "America's No. 1 Retirement Stock".

An NPR editor who wrote a critical essay on the company has resigned after being suspended

NEW YORK (AP) — A National Public Radio editor who wrote an essay criticizing his employer for promoting liberal views resigned on Wednesday, a day after it was revealed that .

Top 3 Financial Stocks That Are Ticking Portfolio Bombs

As of April 11, 2024, three stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Shhh! This Is One Great Coin...

Shhh! This Is One Great Coin... - Ad

Shhh! I truly believe this crypto could be one of the top earning cryptos of all time... In fact, in the coming bull run... this one coin could have the potential to bank 10x... 50x... and even 100x.

Vingroup's VinFast Faces Financial Risks Amidst Global Ambitions, With $5.7B Loss Over Past Three Years

Vingroup's VinFast faces financial risks as it expands globally, grappling with a $5.7 billion loss over three years.

Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio This Quarter

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.

Ukraine's "Secret Weapon" Against Russia

Ukraine's "Secret Weapon" Against Russia - Ad

Ukraine has a new weapon that's never been used before in war. This "living software" has been its secret weapon against Russia. The Wall Street Journal Reports: "it's a technical revolution." Early investors can reap 5,633% gains on the small company that makes it.

Nepal hosts an investment summit in hopes of attracting foreign money for hydropower projects

KATHMANDU, Nepal (AP) — Nepal hosted an investment summit Sunday in hopes of attracting much-needed foreign investment, especially in developing hydropower projects to produce more electricity that it can sell to neighboring countries.

Trending Now