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 Nasdaq-listed Class A and Class B common stock, with a total repurchase value of up to US$1 billion. This initiative, subject to market conditions and stock prices, aims to enhance shareholder value by reducing the number of outstanding shares, which could potentially improve earnings per share and return on equity.

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. It operates in various segments including news and information services, book publishing, digital real estate services, and subscription video services. The company is primarily focused on providing content and services that engage audiences and drive revenue growth across its platforms.

Average Trading Volume: 164,163

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$26.22B

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