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 update.

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 move is part of a strategic effort to manage its capital structure and potentially enhance shareholder value, although no ASX-listed CDIs will be repurchased under this program.

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 with operations in various sectors including news and information services, book publishing, digital real estate services, and cable network programming. The company is known for its global reach and influence in the media industry.

Average Trading Volume: 169,067

Technical Sentiment Signal: Buy

Current Market Cap: A$25.03B

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