Wall Street's Most Accurate Analysts Give Their Take On 3 Tech And Telecom Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Analysts have provided their ratings on three high-dividend yielding stocks in the tech and telecom sectors: Verizon, AT&T, and Interpublic Group. Verizon received a Neutral and a Buy rating with increased price targets, AT&T received Buy ratings with increased price targets, and Interpublic Group received a downgrade and a price target cut.
September 30, 2024 | 12:30 pm
News sentiment analysis
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POSITIVE IMPACT
AT&T received Buy ratings from Tigress Financial and Citigroup with increased price targets. The company declared a quarterly dividend of $27.75 cents per share.
The Buy ratings and increased price targets indicate a positive sentiment from analysts. The declaration of a quarterly dividend reinforces AT&T's commitment to returning value to shareholders.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Verizon received a Neutral rating from B of A Securities with a price target increase to $45 and a Buy rating from Citigroup with a price target increase to $49. Recent collaboration with Vay on 5G integration.
The increase in price targets by analysts suggests a positive outlook for Verizon. The collaboration with Vay on 5G integration could enhance Verizon's service offerings, potentially boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Interpublic Group received an Equal-Weight rating with a price target cut from Barclays and a downgrade to Underweight from Morgan Stanley with a price target cut to $28.
The downgrade and price target cuts suggest a negative outlook from analysts, which could lead to a short-term decline in stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100