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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has issued an announcement.
News Corporation has notified the ASX of ongoing activity under its previously authorised share repurchase programs, which allow for the buyback of up to US$1 billion of Class A common stock and Class B common stock under a 2021 program and a further US$1 billion under a 2025 program. The company, which has more than 142.7 million Class B shares on issue in the relevant ASX line, plans to repurchase stock from time to time in the open market or otherwise, subject to market conditions and price, and has clarified that no ASX-listed CDIs will be acquired under these programs, signalling a focus on its Nasdaq-listed equity and continued capital management aimed at optimising its balance sheet and shareholder returns.
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, with operations spanning news and information publishing, digital real estate services, subscription video services and book publishing. Its shares trade on Nasdaq in Class A and Class B common stock, and Chess Depository Interests (CDIs) are listed on the ASX, giving Australian investors access to its U.S.-listed equity.
Average Trading Volume: 146,370
Technical Sentiment Signal: Hold
Current Market Cap: A$23.4B
Find detailed analytics on NWS stock on TipRanks’ Stock Analysis page.