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An update from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) is now available.
News Corporation has reported daily activity under a previously authorised share repurchase program of up to US$1 billion covering its Nasdaq-listed Class A and Class B common stock. The buy-back, notified to the ASX for compliance purposes, specifically excludes any repurchase of ASX-listed CHESS Depositary Interests, focusing instead on U.S.-listed equity to manage capital allocation.
The program allows the company to repurchase shares from time to time in the open market or via other means, subject to market conditions, share price levels and other factors influencing its capital strategy. With 366,050,844 common shares on issue in the relevant class, the initiative may support earnings per share, signal confidence in the company’s valuation and provide flexibility in capital management for shareholders across its dual listings.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$44.00 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, book publishing and subscription video services. Its primary securities include Class A and Class B common stock listed on Nasdaq, alongside CHESS Depositary Interests traded on the ASX, giving it a broad international investor base.
Average Trading Volume: 252,315
Technical Sentiment Signal: Hold
Current Market Cap: A$20.98B
For a thorough assessment of NWS stock, go to TipRanks’ Stock Analysis page.