News Corp A shares climbed to $31.64, marking a 52‑week high. The move follows a 5.56% gain over the past year, a 28% rise in the last six months and a 19% increase year‑to‑date.
The company has authorized a share‑repurchase programme of up to $1 billion covering its Class A and Class B common shares. Transactions are reported daily to the Australian Securities Exchange in line with ASX disclosure rules, with additional details in quarterly and annual filings.
S&P Global Ratings upgraded News Corp’s credit rating from BBB‑ to BBB, maintaining a stable outlook and citing low leverage and strong operating momentum.
Morgan Stanley raised its price target for the stock to $35 from $34 and kept an Overweight rating. The adjustment came after News Corp posted fiscal 2026 results that beat expectations, helped in part by favorable currency exchange rates.
