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 a total repurchase value of up to US$1 billion. This strategic move is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value, though it will not affect the company’s ASX-listed CDIs.

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, focusing on the creation and distribution of authoritative and engaging content across various platforms. The company offers a range of products and services including news and information, book publishing, digital real estate services, and subscription video services, primarily targeting audiences in the United States, Australia, and the United Kingdom.

Average Trading Volume: 158,570

Technical Sentiment Signal: Buy

Current Market Cap: A$25.84B

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