News Corporation Announces US$1 Billion Stock Buy-Back Program

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

News Corporation has announced a buy-back program for its Class A and Class B common stock listed on Nasdaq, with a total repurchase value of up to US$1 billion. This move, which excludes ASX-listed CDIs, is subject to market conditions and aims to optimize the company’s capital structure, potentially enhancing shareholder value and reflecting confidence in its long-term growth 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 is a global media and information services company that primarily operates in the media industry. It offers a range of services including news and information, digital real estate services, book publishing, and cable network programming. The company is known for its significant presence in the publishing sector and operates various well-known brands and platforms worldwide.

Average Trading Volume: 182,437

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$26.18B

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