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 $1 billion of its Nasdaq-listed Class A and Class B common stock. This strategic move, subject to market conditions and stock prices, aims to enhance shareholder value and optimize the company’s capital structure, reflecting confidence in its financial health and future prospects.

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 operates in the media and information services industry, primarily focusing on news and publishing. The company provides a wide range of services including digital real estate services, book publishing, and cable network programming, with a significant market presence in the United States and Australia.

Average Trading Volume: 157,032

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$25.81B

See more insights into NWS stock on TipRanks’ Stock Analysis page.