Wall Street's Most Accurate Analysts Say Buy These 3 Tech And Telecom Stocks With Over 3% Dividend Yields
Portfolio Pulse from Lisa Levin
Benzinga has highlighted three high-yielding stocks in the communication services sector recommended by Wall Street's most accurate analysts. These include Cogent Communications Holdings, Inc. (NASDAQ:CCOI) with a dividend yield of 5.56%, The Interpublic Group of Companies, Inc. (NYSE:IPG) with a yield of 3.21%, and Nexstar Media Group, Inc. (NASDAQ:NXST) with a yield of 3.24%. Recent news for these companies include weaker-than-expected Q1 results for Cogent, better-than-expected Q1 earnings for Interpublic, and a new carriage dispute for Nexstar.
July 05, 2023 | 11:35 am
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POSITIVE IMPACT
The Interpublic Group offers a decent dividend yield and posted better-than-expected Q1 earnings.
The combination of a decent dividend yield and better-than-expected Q1 earnings could boost investor sentiment and drive the stock price up.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Cogent Communications has a high dividend yield but posted weaker-than-expected Q1 results.
While the high dividend yield is attractive, the weaker-than-expected Q1 results could negatively impact investor sentiment.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Nexstar Media Group has a decent dividend yield but is facing a new carriage dispute.
While the dividend yield is attractive, the new carriage dispute could negatively impact investor sentiment and drive the stock price down.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 100