News Corporation Announces $1 Billion Stock Buy-Back Program

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

News Corporation has announced a repurchase program for up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. This buy-back initiative, which excludes ASX-listed CDIs, is subject to market conditions and aims to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and supporting the stock price.

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 diversified media and information services company, primarily engaged in the industries of news and information services, book publishing, digital real estate services, and cable network programming. The company operates globally, focusing on delivering high-quality content and services across various platforms.

Average Trading Volume: 161,811

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$26.96B

Find detailed analytics on NWS stock on TipRanks’ Stock Analysis page.