Wall Street's Most Accurate Analysts Spotlight On 3 Tech And Telecom Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
The article highlights three high-dividend yielding stocks in the tech and telecom sectors: Interpublic Group (IPG), Verizon (VZ), and Cogent Communications (CCOI). Analysts have provided mixed ratings and price targets for these stocks, reflecting recent earnings and business developments.
August 20, 2024 | 12:20 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Interpublic Group (IPG) has a dividend yield of 4.21%. Analysts have mixed views: Barclays cut the price target to $34, while Morgan Stanley downgraded to Underweight with a $28 target. Recent earnings were better than expected.
IPG's recent earnings beat expectations, which is positive, but the mixed analyst ratings and target cuts suggest uncertainty. The dividend yield remains attractive, but the stock may face short-term volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cogent Communications (CCOI) has a 5.20% dividend yield. Analysts are optimistic: Citigroup raised the target to $82, and B of A Securities increased it to $75. Despite a recent quarterly loss, potential breakout signals are noted.
CCOI's raised price targets by analysts indicate optimism despite a recent loss. The potential breakout signals suggest a positive short-term outlook, supported by its attractive dividend yield.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Verizon (VZ) offers a 6.53% dividend yield. Analysts are divided: TD Cowen raised the target to $51, while JP Morgan cut it to $45. Verizon's new deal with the NLRB could positively impact future performance.
Verizon's high dividend yield and new NLRB deal are positive indicators. Despite mixed analyst ratings, the strategic deal could enhance future growth, supporting a positive short-term outlook.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85