News Corporation (NWSA) has generated interest across various investor circles due to several key financial movements. Primarily, the company's stock was upgraded to a 'Buy' status and price target raised to $43.00, propelling its potential upside. Investors have reportedly been urged to end the dual-class voting structure, but these proposals have consistently been rejected. Starboard's efforts to terminate NWSA's dual-class structure also failed. A sizeable quantity of NWSA stock has been accumulated by various companies, including Avanza Fonder AB, Miracle Mile Advisors LLC, and Assenagon Asset Management S.A.
Despite these happenings, the continuation of the $1 billion stock repurchase program remains a critical point of discussion. Arguably, this resolute decision offers averse perspectives, some choosing to avoid NWSA. Conversely, Metropolis Capital sold over 2 million shares, and coverage initated by Citigroup has highlighted strategic REA opportunities. Additionally, Foxtel's sale to DAZN for A$3.4 billion has generated mixed views, with some claiming it will simplify the organization. In the midst of these discussions, reports of Rupert Murdoch stepping down as chairman have surfaced. Lastly, News Corporation's CFO, David DeVoe, is planning to retire after the company's separation.
News Corporation Class A NWSA News Analytics from Thu, 13 Jun 2013 07:00:00 GMT to Sat, 25 Jan 2025 07:31:17 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -6
