News Corporation has repeatedly announced a US$1 billion
stock buy-back program. The intended
stock repurchase has been continually reported, showing a clear indication of
ongoing commitment from the company's side. Several
financial analysts have noted this action. However, the
market's response is yet to be seen definitively. News Corporation's stock has exhibited an
all-time high, demonstrating possible surging profits despite some perceived
underperformance against the communication services sector.
Analysts remain divided on whether the stock may sink or rise, with others citing momentum while some suggest caution.
Dual-class shares have been identified as a potential area of concern, with firms like
Starboard proposing their elimination. However, shareholders have rejected this proposal, thereby retaining majority control within the Murdoch family.
Citi maintains a buy rating on News Corp stock with
target price at $36. News Corp's financial performance has attracted Hedge fund interest, looking to end the Murdoch's control. They continue their
stock repurchase program among these developments. Despite the reported successes, the company's
earnings and
stock performance are still highly anticipated by the market.
News Corporation Stocks News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Sat, 03 May 2025 20:21:44 GMT -
Rating 8
- Innovation 2
- Information 6
- Rumor -3
