News Corporation Updates $1 Billion Share Buy-Back Program

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

News Corporation has announced an update to its share buy-back program, allowing for the repurchase of up to $1 billion of its Nasdaq-listed Class A and Class B common stock. This move, subject to market conditions and stock prices, aims to enhance shareholder value and reflects the company’s confidence in its financial position, though no ASX-listed CDIs will be repurchased.

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 diversified media and information services company focused on creating and distributing authoritative and engaging content to consumers and businesses worldwide. It operates in various segments, including news and information services, book publishing, digital real estate services, and subscription video services.

Average Trading Volume: 158,739

Technical Sentiment Signal: Buy

Current Market Cap: A$25.35B

For an in-depth examination of NWS stock, go to TipRanks’ Stock Analysis page.