tiprankstipranks
Trending News
More News >

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

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

Don’t Miss TipRanks’ Half-Year Sale

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 repurchase value of up to US$1 billion. This strategic move, subject to market conditions, aims to enhance shareholder value and optimize the company’s capital structure, reflecting confidence in its financial health and future prospects.

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 delivering 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. It primarily targets markets in the United States, Australia, and the United Kingdom.

Average Trading Volume: 158,914

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$26.87B

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

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1