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

The Next Nvidia? - Ad

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

The Sleeper Crypto of 2024? - Ad

NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation.

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 .

"America's No. 1 Retirement Stock" (Name Inside)

"America's No. 1 Retirement Stock" (Name Inside) - Ad

According to the former Goldman Sachs VP -- who wrote a best-selling book on retirement -- one single stock stands head-and-shoulders above all others. And it should be the cornerstone of your portfolio. Have you heard of it?

Dogecoin Could Outperform Bitcoin Thanks To Consolidation In The Golden Pocket, Says Trader: 'This Is A Very Good Sign'

Crypto trader Kevin has shared his bullish outlook on Dogecoin’s (CRYPTO: DOGE) performance against Bitcoin (CRYPTO: BTC), noting the cryptocurrency’s consolidation in the golden pocket and its position above all b

Stocks Rally On Weaker PMI Data, Tech Earnings Optimism, Dollar Falls: What's Driving Markets Tuesday?

Stocks surged as weak economic data raised hopes for Fed rate cut. S&P 500 up 1.2%, Nasdaq 100 up 1.5%, Dow Jones up 0.6%. Spotify shares jump 17% on earnings.

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.

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.

Chinese Embassy Condemns Proposed U.S. Tariffs As Examples Of Unilateralism And Protectionism, As Biden Seeks To Court Critical Voters

Biden's tariff warnings indicate continuing U.S.-China tensions, leading to criticism from the Chinese embassy.

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.

RTX Soars Above Estimates in Q1, Reiterates FY24 Outlook

RTX Corporation (NYSE: RTX) reported 12% increase in Q1 FY24 net sales to $19.3 billion, beating consensus. Collins Aerospace and Pratt & Whitney drove the growth.

Trump vs. Biden: Nationwide Poll Shows Key Issue Decidedly Tilts Equation In Favor Of One Candidate

Even though the economy has been relatively stable despite challenges, voters remain unconvinced about the Biden administration's performance.

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.

US Stocks Brace For Negative Start Amid Tech Earnings Disappointments, Caution Ahead Of Data: 'Worst Of This Two-Week Decline Is Behind Us,' Says Analyst

The back-and-forth motion in the market continues, with the index futures pointing to a lower opening on Thursday. Meta Platforms, Inc.’s (NASDAQ:META)

Antony Blinken Raises Alarm Over Xi Jinping's Support For Russia During US-China Talks

In a recent meeting in Beijing, U.S. Secretary of State Antony Blinken voiced concerns over China's support for Russia's military, potentially straining the ongoing efforts to mend relations between the two countries.

The No. 1 AI Stock of 2024 (Not Nvidia)

The No. 1 AI Stock of 2024 (Not Nvidia) - Ad

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

EXCLUSIVE: How The Bitcoin Halving Could Transform The Market

The clock is ticking down to the next monumental event in the cryptocurrency world: the Bitcoin halving.

Micro-Cap Brain Cancer Focused Plus Therapeutics Poised To Receive $3M From US Department of Defense

Plus Therapeutics will secure $3 million in funding from the Department of Defense for pediatric brain cancer trial expansion.

New Video: What A.I. Means for Cancer (And Other Diseases)

New Video: What A.I. Means for Cancer (And Other Diseases) - Ad

I urge you to check it out before we take the video down. You'll discover how AI discovered a new treatment in only 30 days, why Big Pharma signed over $3 billion in deals with one AI-biotech, and why Bill Gates and billionaire Steve Cohen own over 10% of this company.

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.

This Man, Who Never Went To University, Is Making $1.2M-A-Year At Deloitte At The Age Of 30

Ben Newton, a former apprentice at Deloitte, has achieved the feat of becoming a partner at the age of 30, earning $1.2 million a year.

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.

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.

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.

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

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

Some are calling this the most promising DeFi project since Ethereum itself. Here's the #1 DeFi Coin Set to Soar. While Bitcoin grabs headlines, this lesser known DeFi coin is quietly gearing up for a monster rally. Experts say now is the time to buy before it reaches escape velocity.

Over $1M Bet On This Consumer Cyclical Stock? Check Out These 3 Stocks Insiders Are Buying

Although U.S. stocks closed lower on Friday, there were a few notable insider trades.

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

5 Wall Street Legends Just Bought This One Stock

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

Elon Musk Gets Fresh Challenge In His X Plans As Naval's Airchat App Begins Making Buzz

AngelList co-founder Naval Ravikant has launched a new social media app called Airchat, to take on Elon Musk's hate speech-inundated X.

Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota

A Native American-led nonprofit has announced that it purchased nearly 40 acres (16.2 hectares) of land in the Black Hills of South Dakota amid a growing movement that

Jeff Bezos' Next Trillion Dollar Bet (shocking)

Jeff Bezos' Next Trillion Dollar Bet (shocking) - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

Apple CEO says that he wants to increase investments in Vietnam

HANOI, Vietnam (AP) — Apple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spending on suppliers in the Southeast Asian manufacturing hub.

Tesla Bull Says 'Don't Know...What's Going To Happen To TSLA Stock Next Week' Ahead Of Earnings Call: 'Much Depends On...'

Black expects the $25K compact's production to commence in 2026, despite the prioritization of the robotaxi project.

Jeff Bezos Just Humiliated Elon Musk

Jeff Bezos Just Humiliated Elon Musk - Ad

What's Going On With Freeport-McMoRan Shares Today?

Freeport-McMoRan reports Q1 FY24 results, beats expectations in revenue and adjusted EPS. Copper and gold sales increase.

Former Trump Attorney Vows To Cease Public Criticism Of Ex-President Until Hush-Money Trial Is Over

Legal experts voiced concerns about Cohen's ongoing public commentary on the case.

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

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

A.I. is creeping into every aspect of our daily lives... According to billion-dollar fund manager Louis Navellier, it's never been more important to A.I.-proof your wealth. He lays out three simple steps to take ASAP in his latest video.

Nvidia Robotics Expert Praises Tesla FSD's 'Human-Like Maneuvers' As Magical

Tesla's latest FSD feature has impressed users like Nvidia employee Yuke Zhu who called it 'magical'. Tesla has made FSD more accessible with price cuts and free trials.

Alcoa Well-Positioned To Benefit From Positive Pricing Momentum, Analyst Says

Alcoa receives price target increase from analysts after beating earnings estimates. Alumina production and shipments expected to rise in FY24.

The No. 1 Crypto for 2024

The No. 1 Crypto for 2024 - Ad

We're entering the final crypto bull run, and 2024 will be your last chance to ever get rich from crypto. These five tiny cryptos are believed to create generational wealth over the next 12 months. $30 trillion is poised to funnel into the crypto markets thanks to a new government regulation just signed.

Ex-Trump CFO Allen Weisselberg to be sentenced for perjury, faces second stint in jail

NEW YORK (AP) — Allen Weisselberg, a former longtime executive in Donald Trump’s real estate empire, is set to be sentenced Wednesday for lying under oath in the ex-president’s New York .

Trending Now

Netflix Stock Sized Up By 7 Analysts Post Q1 Results: 'Pivot From A High-Growth, Low-Profit Business To A Slow-Growth, High-Profit Business'

'Trump Is A Force of Nature': Reince Priebus Has Raised $70M For GOP Convention Despite Being Pushed Out By Former President

FBI Chief To Warn Congress Of Potential Coordinated Attack In US Similar To Russia Massacre: 'Threats To Our Public Safety And National Security...So Elevated'