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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has provided an announcement.
News Corporation has lodged a daily buy-back notification with the ASX confirming that its previously authorised share repurchase initiatives remain in effect for its Nasdaq-listed Class A and Class B common stock, but that no ASX-listed CHESS Depositary Interests will be acquired under these programs. The company is authorised to repurchase up to US$1 billion of stock under its 2021 program and a further US$1 billion under its 2025 program, with purchases to be made from time to time in the open market or otherwise, subject to market conditions and stock price; this capital management strategy is likely to support earnings per share and signal confidence in the company’s valuation, though it will not directly reduce the free float of its ASX-listed CDIs.
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 information services company whose securities, including Class A and Class B common stock, are listed on Nasdaq and represented as CHESS Depositary Interests (CDIs) on the ASX. The company operates across news, publishing, digital real estate, and related media segments, giving it broad exposure to advertising, subscription, and content markets worldwide.
Average Trading Volume: 145,278
Technical Sentiment Signal: Hold
Current Market Cap: A$23.62B
See more data about NWS stock on TipRanks’ Stock Analysis page.