News Corporation has consistently been in the limelight for its stock-related activities, particularly for the initiation of its $1 billion stock buy-back program. The series of buybacks have signalled the organisation's confidence in its own intrinsic value, suggesting it could be undervalued by up to 49%. Several attempts to end the dual-class share structure have been rejected by shareholders, despite proposals from Starboard and Hedge Funds. While some analysis suggests NWSA is underperforming within the Communication Services Sector, other sources indicated sustained growth momentum, thus contributing to conflicting sentiment. Citi maintained its 'Buy' rating on News Corp's stock, with price targets set at $36. News Corporation also reported Q2 results showcasing stable growth driven by Dow Jones and digital real estate listings. In addition, News Corporation completed the divestiture of its Foxtel Group, and reported a strategic win with the closing of an A$592M Foxtel deal, offering an unexpected DAZN equity bonus.
News Corporation Stocks News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Fri, 11 Apr 2025 16:54:21 GMT -
Rating 7
- Innovation -1
- Information 8
- Rumor -3
