News Corporation Updates US$1 Billion Buy-Back Program

The latest update is out from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ).

News Corporation has announced an update to its buy-back program, which involves the repurchase of up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. The buy-back is subject to market conditions and aims to enhance shareholder value by reducing the number of shares outstanding, potentially increasing the value of remaining shares. This strategic move reflects the company’s confidence in its financial position and its commitment to returning capital to shareholders.

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 media and information services company that operates in various segments including news and information services, book publishing, digital real estate services, and subscription video services. The company is known for its diverse portfolio of media assets and its focus on providing high-quality content across multiple platforms.

Average Trading Volume: 155,990

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$26.18B

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