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

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

News Corporation has announced a buy-back program for its Class A and Class B common stock, with the intention to repurchase up to an aggregate of US$1 billion. This repurchase program, which will occur in the open market or otherwise, is subject to market conditions and stock prices, and does not include ASX-listed CDIs. The move is likely aimed at enhancing shareholder value and reflects the company’s confidence in its financial position, potentially impacting its market positioning by reducing the number of shares outstanding and increasing earnings per share.

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 that operates in various segments including news and information services, book publishing, digital real estate services, and subscription video services. The company is known for its global reach and influence in the media industry, providing a wide array of content and services to consumers and businesses worldwide.

Average Trading Volume: 157,032

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$25.81B

Learn more about NWS stock on TipRanks’ Stock Analysis page.