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

News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) just unveiled an announcement.

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. This buy-back is part of a strategic move to optimize the company’s capital structure and enhance shareholder value, reflecting confidence in its financial health and future growth 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 is a diversified media and information services company, primarily involved in the creation and distribution of authoritative and engaging content across various platforms. The company operates in sectors including news and information services, book publishing, digital real estate services, and subscription video services, with a significant market focus on the United States and international markets.

Average Trading Volume: 181,268

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$26.34B

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