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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 updated the market on its existing share repurchase initiatives, confirming that it is continuing a US$1 billion buyback program for its Nasdaq-listed Class A and Class B common stock authorised in 2021 and has received authorisation for an additional US$1 billion repurchase capacity under a 2025 program. The company said it may buy back these shares from time to time in the open market or otherwise, subject to market conditions and share price, and emphasised that no ASX-listed CDIs will be repurchased under these programs, signalling targeted capital management focused on its U.S.-listed equity while leaving Australian depository interests unaffected.
The most recent analyst rating on (AU:NWS) stock is a Hold with a A$49.00 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 interests spanning news and information publishing, digital real estate, book publishing and subscription video services. Its equity is listed in multiple markets, including Nasdaq in the U.S. and ASX in Australia, with separate classes of common stock (Class A and Class B) and Chess Depositary Interests representing its shares for Australian investors.
Average Trading Volume: 146,842
Technical Sentiment Signal: Hold
Current Market Cap: A$23.21B
Find detailed analytics on NWS stock on TipRanks’ Stock Analysis page.