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 Nasdaq-listed Class A and Class B common stock, with plans to repurchase up to an aggregate of US$1 billion. This strategic move, subject to market conditions and stock prices, aims to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and improving the company’s stock market performance.

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 primarily engaged in the creation and distribution of authoritative and engaging content to consumers and businesses throughout the world. The company operates in a range of industries including news and information services, book publishing, digital real estate services, and subscription video services.

Average Trading Volume: 158,739

Technical Sentiment Signal: Buy

Current Market Cap: A$25.35B

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