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

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

News Corporation has announced an update to its buy-back program, initially notified on September 22, 2021. The company plans to repurchase up to US$1 billion of its Class A and Class B common stock, listed on Nasdaq, indicating a strategic move to manage its capital structure and potentially enhance shareholder value. This buy-back does not include any ASX-listed CDIs and is subject to market conditions and stock prices, reflecting the company’s focus on optimizing its financial operations and market positioning.

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, focusing on publishing, news, and digital real estate services. The company is known for its diverse portfolio, including newspapers, book publishing, and digital real estate services, with a significant presence in markets such as the United States, Australia, and the United Kingdom.

Average Trading Volume: 155,990

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$26.18B

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