Wall Street's Most Accurate Analysts Say Hold These 3 Tech And Telecom Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts recommend holding TEGNA Inc. (TGNA), Omnicom Group Inc. (OMC), and Sinclair, Inc. (SBGI) for their high-dividend yields amid market uncertainty. TEGNA and Sinclair have seen price target adjustments, while Omnicom's price target was raised. TEGNA will discuss Q1 2024 earnings on May 8, 2024. Omnicom recently priced a €600 million senior notes offering, and Sinclair reported weaker-than-expected quarterly results.
March 20, 2024 | 11:33 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Omnicom Group Inc. has a dividend yield of 3.00%, with price targets raised by Wells Fargo and Barclays. Recently priced a €600 million senior notes offering.
The raised price targets and successful senior notes offering indicate a positive outlook, potentially leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEUTRAL IMPACT
TEGNA Inc. has a dividend yield of 3.22%, with price targets cut by JP Morgan and Wells Fargo. It plans to discuss Q1 2024 earnings on May 8, 2024.
The adjustments in price targets by reputable analysts and the upcoming earnings call could maintain investor interest, but the neutral ratings suggest a balanced short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Sinclair, Inc. has the highest dividend yield at 8.60%, with mixed price target adjustments. Recently reported weaker-than-expected quarterly results.
The high dividend yield is attractive, but the weaker-than-expected quarterly results and mixed analyst adjustments suggest potential short-term downside.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90