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 repurchasing up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. This strategic move, subject to market conditions and stock prices, aims to enhance shareholder value and optimize the company’s capital structure, although it will not include 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 products and services including news and information, book publishing, digital real estate services, and cable network programming. The company focuses on delivering high-quality content across various platforms and markets globally.

Average Trading Volume: 155,566

Technical Sentiment Signal: Buy

Current Market Cap: A$25.64B

Find detailed analytics on NWS stock on TipRanks’ Stock Analysis page.