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

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

News Corporation has announced a repurchase program for up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. This buy-back initiative, which excludes ASX-listed CDIs, is subject to market conditions and aims to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and providing a positive signal to the market about the company’s financial health.

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 the distribution of news and entertainment content. The company is known for its diverse range of media products, including newspapers, digital real estate services, book publishing, and cable network programming. It primarily serves markets in the United States, Australia, and the United Kingdom.

Average Trading Volume: 164,163

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$26.22B

For a thorough assessment of NWS stock, go to TipRanks’ Stock Analysis page.