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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 issued an update.

News Corporation has announced a buy-back program for up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. This strategic move, subject to market conditions, aims to enhance shareholder value and reflects the company’s confidence in its financial position, potentially impacting its stock market performance and stakeholder interests.

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 prominent player in the media and information services industry, offering a range of products and services including news and information, digital real estate services, book publishing, and cable network programming. The company is known for its strong market presence and influence in the media sector.

Average Trading Volume: 157,536

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$26.77B

Learn more about NWS stock on TipRanks’ Stock Analysis page.

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