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An announcement from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) is now available.
News Corporation has notified the ASX of ongoing activity under its previously authorised share repurchase programs, covering up to US$1 billion of Class A and Class B common stock under the 2021 Repurchase Program and a further US$1 billion under the 2025 Repurchase Program. The company intends to buy back shares from time to time in the open market or otherwise, but confirmed that no ASX-listed CDIs will be repurchased under these programs, signalling a continued focus on capital management and potential enhancement of shareholder value in its U.S.-listed equity while leaving the Australian CDI float unchanged.
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 businesses span news and information, digital real estate services, book publishing, and subscription video services. Its primary securities include Class A and Class B common stock listed on Nasdaq, while Chess Depositary Interests trade on ASX, giving Australian investors exposure to the group’s international media operations.
Average Trading Volume: 146,763
Technical Sentiment Signal: Hold
Current Market Cap: A$23.18B
For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.