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

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

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. The repurchase program, which will be conducted in the open market or otherwise, is subject to market conditions and other factors. This strategic move is likely aimed at enhancing shareholder value and reflects the company’s confidence in its financial position 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 is a diversified media and information services company with operations in various segments including news and information services, book publishing, digital real estate services, and subscription video services. The company is primarily focused on delivering content and services across multiple platforms to a global audience.

Average Trading Volume: 155,990

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$26.07B

See more data about NWS stock on TipRanks’ Stock Analysis page.