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The latest update is out from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ).
News Corporation has notified the ASX of a daily buy-back activity under its previously authorised 2025 Repurchase Program, targeting its Nasdaq-listed Class A and Class B common stock. The group confirmed that no ASX-listed CHESS Depositary Interests will be repurchased under this initiative.
The program permits the company to repurchase up to an aggregate of US$1 billion of its Class A and Class B shares, to be executed in the open market or otherwise, subject to market conditions and share price. This capital management move is likely aimed at optimising the balance sheet and may support earnings per share and shareholder returns without altering the number of CDIs on issue in Australia.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$50.00 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 shares listed on Nasdaq and represented as CHESS Depositary Interests on the ASX. The company issues Class A and Class B common stock and operates across news, publishing, and related content businesses in key international markets.
Average Trading Volume: 257,469
Technical Sentiment Signal: Hold
Current Market Cap: A$21.35B
For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.