News Corporation Announces $1 Billion Stock Buy-Back Program

The latest announcement is out from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ).

News Corporation has announced a buy-back program for up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. This move is part of a strategic repurchase program aimed at optimizing the company’s capital structure and enhancing shareholder value, reflecting confidence in its long-term growth prospects. The buy-back will be conducted in the open market or otherwise, depending on market conditions and stock price, but will not include ASX-listed CDIs.

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 that operates in various segments including news and information services, book publishing, digital real estate services, and subscription video services. It is known for its prominent media outlets and publications, serving a wide market with a focus on delivering news, entertainment, and information across multiple platforms.

Average Trading Volume: 182,745

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$26.39B

For an in-depth examination of NWS stock, go to TipRanks’ Stock Analysis page.