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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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
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