Beat Inflation With These 3 High-Yielding Dividend Stocks In Tech And Telecom Sector From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Analysts have provided ratings for high-yielding dividend stocks in the tech and telecom sector. Omnicom Group Inc. (OMC) has a dividend yield of 3.29% with mixed price target adjustments from Citigroup and Morgan Stanley. Verizon Communications Inc. (VZ) offers a 6.76% yield, with positive ratings and price target increases from Oppenheimer and Citigroup. AT&T Inc. (T) has a 6.47% yield, receiving a Buy rating from Citigroup and an upgrade from Scotiabank. Recent news includes OMC's upbeat Q3 earnings, VZ's new Netflix and Max bundle, and T-Mobile's inclusion of Hulu in its services.
January 05, 2024 | 12:32 pm
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POSITIVE IMPACT
Omnicom Group has a 3.29% dividend yield with a Buy rating from Citigroup and an Equal-Weight from Morgan Stanley. Recent upbeat Q3 earnings could support the stock.
Positive Q3 earnings and a high dividend yield are likely to attract investors, despite the slight price target cut by Citigroup.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Verizon Communications has a 6.76% dividend yield with positive ratings from Oppenheimer and Citigroup. The new Netflix and Max bundle could attract customers.
The high dividend yield and strategic partnership with Netflix for a new bundle are positive indicators for Verizon's stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
AT&T has a 6.47% dividend yield with a Buy rating from Citigroup and an upgrade from Scotiabank. T-Mobile's Hulu inclusion may increase competition.
While AT&T has a strong dividend yield and positive analyst ratings, T-Mobile's recent move to include Hulu could intensify competition.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70