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

An announcement from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) is now available.

News Corporation has announced a buy-back program for its Nasdaq-listed Class A and Class B common stock, with plans to repurchase up to an aggregate of US$1 billion. This move, subject to market conditions and other factors, aims to optimize the company’s capital structure and potentially enhance shareholder value. The buy-back will not include ASX-listed CDIs, and the company will conduct the repurchases in the open market or otherwise.

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, providing a range of products and services including news and information, book publishing, digital real estate services, and cable network programming. The company focuses on delivering content across various platforms and has a significant presence in the global market.

Average Trading Volume: 155,990

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$26.07B

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