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

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

Confident Investing Starts Here:

An update from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) is now available.

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 is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value, though it does not include the repurchase of ASX-listed CDIs.

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 in the media and information services industry, providing a range of services including news and information, book publishing, digital real estate services, and cable network programming. It is a significant player in the global media landscape, with a focus on delivering content across various platforms.

Average Trading Volume: 158,739

Technical Sentiment Signal: Buy

Current Market Cap: A$25.35B

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

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