Amid market turbulence, investors seek solace in high-dividend stocks, those sturdy vessels of profit-sharing that weather storms and offer a bountiful yield.
In a minefield of analyst opinions, Benzinga’s Analyst Stock Ratings page offers a safe path, guiding traders through a jungle of numbers, highlighting the analysts with the keenest aim.
Here stand the verdicts of Wall Street’s most precise analysts on three generous dividend-payers within the tech and telecom sectors.
TEGNA Inc. TGNA
- Dividend Yield: 3.22%
- JP Morgan analyst David Karnovsky maintained a Neutral rating and adjusted the price target from $17 to $15 on March 1, 2024. His precision stands at 67% accuracy.
- Wells Fargo analyst Steven Cahall stood by an Equal-Weight rating and fine-tuned the price target from $17 to $15 on Feb. 9, 2024, with a precision rate of 60%.
- Recent News: TEGNA will unveil its Q1 2024 earnings on May 8, 2024, in a conference call.
Omnicom Group Inc. OMC
- Dividend Yield: 3.00%
- Wells Fargo analyst Steven Cahall maintained an Equal-Weight rating and positioned the price target from $85 to $91 on Feb. 7, 2024, showcasing a precision rate of 60%.
- Barclays analyst Julien Roch held an Equal-Weight rating and lifted the price target from $95 to $100 on Jan. 29, 2024, with a precision rate of 61%.
- Recent News: On Feb. 28, Omnicom set the price for its €600 million senior notes offering.
Sinclair, Inc. SBGI
- Dividend Yield: 8.60%
- Rosenblatt analyst Barton Crockett upheld a Neutral rating and raised the price target from $10.4 to $15.7 on Jan. 18, 2024, with a precision rate of 65%.
- Deutsche Bank analyst Bryan Kraft maintained a Hold rating and brought down the price target from $18 to $17 on Aug. 15, 2023, showcasing a precision rate of 65%.
- Recent News: On Feb. 28, Sinclair reported quarterly results that fell short of expectations.
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