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

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

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

News Corporation has announced a buy-back program for its Nasdaq-listed Class A and Class B common stock, with a total value of up to US$1 billion. This strategic move aims to enhance shareholder value and reflects the company’s confidence in its financial position, although it will not include ASX-listed CDIs in this program.

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 within the media industry, focusing on providing news and information services. The company is known for its diverse portfolio of media assets, including newspapers, digital real estate services, book publishing, and cable network programming.

Average Trading Volume: 172,594

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$26.38B

See more insights into NWS stock on TipRanks’ Stock Analysis page.

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