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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has provided an update.
News Corporation has reported daily activity under its previously authorised share repurchase programs covering its Nasdaq-listed Class A and Class B common stock, while confirming that no ASX-listed CHESS Depositary Interests will be bought back under these initiatives. The company is permitted to repurchase up to US$1 billion of stock under its 2021 program and an additional US$1 billion under the 2025 program, giving it up to US$2 billion of total buyback capacity to be deployed over time in the open market or otherwise, subject to market conditions and share price, which is likely to support capital management objectives and may enhance shareholder value by reducing the free float of its U.S.-listed shares without affecting CDI holders on the ASX.
The most recent analyst rating on (AU:NWS) stock is a Hold with a A$47.00 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 is a global media and publishing company whose shares trade on Nasdaq and as CHESS Depositary Interests on the ASX. It operates across news, information, and related content businesses, with separate classes of common stock (Class A and Class B) reflecting its capital structure and investor base.
Average Trading Volume: 146,842
Technical Sentiment Signal: Hold
Current Market Cap: A$23.23B
Find detailed analytics on NWS stock on TipRanks’ Stock Analysis page.