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 announcement.

News Corporation has announced a buy-back program for its Nasdaq-listed Class A and Class B common stock, with an aggregate value of up to US$1 billion. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, although no ASX-listed CDIs will be repurchased. The buy-back is subject to market conditions and other factors, indicating a flexible approach to its execution.

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 operates in the media and information services industry, focusing on delivering news and entertainment content. The company is known for its diverse portfolio, including newspapers, digital real estate services, book publishing, and pay-TV distribution, with a significant market presence in the United States, Australia, and the United Kingdom.

Average Trading Volume: 158,493

Technical Sentiment Signal: Buy

Current Market Cap: A$25.62B

For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.