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News Corporation Initiates $1 Billion Stock Buy-Back Program

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News Corporation Initiates $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 announcement.

News Corporation has announced a repurchase program for up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock. This buy-back initiative is subject to market conditions and stock prices, and it aims to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and providing a signal of confidence in the company’s future 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 global diversified media and information services company focused on creating and distributing authoritative and engaging content to consumers and businesses throughout the world. The company operates in various segments, including news and information services, book publishing, digital real estate services, and subscription video services.

Average Trading Volume: 162,295

Technical Sentiment Signal: Buy

Current Market Cap: A$25.56B

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

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