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 announcement.

News Corporation has announced a buy-back program for its Nasdaq-listed Class A and Class B common stock, aiming to repurchase up to an aggregate of US$1 billion. This buy-back, which will not include ASX-listed CDIs, is subject to market conditions and the company’s stock price, reflecting a strategic move to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (AU:NWS) stock is a Buy with a A$64.50 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 focused on creating and distributing authoritative and engaging content to consumers and businesses worldwide. Its primary products and services include news and information services, book publishing, digital real estate services, and subscription video services. The company is positioned in the media industry with a global market focus.

Average Trading Volume: 158,493

Technical Sentiment Signal: Buy

Current Market Cap: A$25.62B

For a thorough assessment of NWS stock, go to TipRanks’ Stock Analysis page.