News Corporation Announces $1 Billion Stock Buy-Back Program

News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has issued an announcement.

News Corporation has announced a buy-back program to repurchase up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. This strategic move, contingent on market conditions and stock prices, aims to enhance shareholder value and optimize the company’s capital structure. The buy-back will not include ASX-listed CDIs, indicating a focused approach on its Nasdaq-listed securities.

The most recent analyst rating on (AU:NWS) stock is a Buy with a A$48.70 price target. To see the full list of analyst forecasts on News Corporation Shs B Chess Depository Interests repr 1 Sh stock, see the AU:NWS Stock Forecast page.

More about News Corporation Shs B Chess Depository Interests repr 1 Sh

News Corporation is a global media and information services company, primarily engaged in the creation and distribution of authoritative and engaging content to consumers and businesses throughout the world. The company operates across various segments including news and information services, book publishing, digital real estate services, and subscription video services.

Average Trading Volume: 172,675

Technical Sentiment Signal: Buy

Current Market Cap: A$26.12B

Learn more about NWS stock on TipRanks’ Stock Analysis page.