Wall Street's Most Accurate Analysts Say Buy These 3 Tech And Telecom Stocks Delivering High-Dividend Yields
Portfolio Pulse from Lisa Levin
The most accurate Wall Street analysts have recommended buying three high-dividend yield stocks in the communication services sector: Nexstar Media Group, Inc. (NASDAQ:NXST), The Interpublic Group of Companies, Inc. (NYSE:IPG), and Cogent Communications Holdings, Inc. (NASDAQ:CCOI). These recommendations are based on the companies' high free cash flows and high dividend payouts.
August 04, 2023 | 1:03 pm
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POSITIVE IMPACT
Cogent Communications Holdings has a dividend yield of 6.24% and has been given a Buy rating by analysts from Keybanc and B of A Securities.
The Buy rating from top analysts and the high dividend yield make CCOI an attractive investment. The company's upcoming quarterly earnings report could also influence its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Interpublic Group of Companies has a dividend yield of 3.67% and has been given a Buy rating by analysts from Citigroup and JP Morgan.
The Buy rating from top analysts and the high dividend yield make IPG an attractive investment. The company's better-than-expected second-quarter earnings also add to its appeal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nexstar Media Group has a dividend yield of 3.00% and has been given a Buy rating by analysts from Benchmark and Deutsche Bank.
The Buy rating from top analysts and the high dividend yield make NXST an attractive investment. The recent distribution agreement with Hawaiian Telcom also adds to its appeal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100