Wall Street's Most Accurate Analysts Weigh In On 3 Tech And Telecom Stocks With Over 4% Dividend Yields
Portfolio Pulse from Avi Kapoor
Analysts have provided ratings and price targets for three high-yielding tech and telecom stocks: Verizon, AT&T, and Cogent Communications. Verizon and AT&T received Buy ratings with increased price targets, while Cogent Communications was downgraded by one analyst. These stocks offer dividend yields over 4%, attracting investors during market uncertainty.
October 14, 2024 | 12:42 pm
News sentiment analysis
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POSITIVE IMPACT
AT&T maintained Buy ratings with increased price targets from analysts. The company declared a quarterly dividend, reinforcing its appeal to dividend-focused investors.
AT&T's Buy ratings and increased price targets, along with a declared dividend, suggest a positive short-term impact, attracting dividend-focused investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Verizon received Buy ratings from analysts with increased price targets, indicating positive sentiment. The company also announced new grant funding for small businesses.
Verizon's Buy ratings and increased price targets from analysts suggest a positive short-term outlook. The company's recent grant funding announcement further supports investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Cogent Communications was downgraded by B of A Securities, but maintained a Buy rating from Citigroup with an increased price target. The company reported a loss in Q2.
The mixed analyst ratings for Cogent Communications, with a downgrade and a Buy rating, create a neutral short-term outlook. The reported Q2 loss adds uncertainty.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80