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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) just unveiled an update.
News Corporation has launched a U.S.-based share repurchase program covering its Nasdaq-listed Class A and Class B common stock, with authorization to buy back up to an aggregate of US$1 billion. The program applies only to U.S.-listed shares and explicitly excludes ASX-listed CHESS Depositary Interests, leaving the Australian CDIs unaffected by these buy-backs.
The buy-back framework allows News Corp to repurchase stock from time to time in the open market or through other avenues, subject to market conditions, share price and other factors. This flexibility gives the company a capital management tool that can support earnings per share, signal confidence in its valuation and potentially enhance returns for shareholders holding the eligible U.S.-listed classes.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$56.00 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 Class A common stock trades on Nasdaq and is also represented by CHESS Depositary Interests on the ASX. The company operates across news, digital real estate, book publishing and other content businesses, giving it broad exposure to advertising and subscription-driven revenue streams in key international markets.
Average Trading Volume: 214,934
Technical Sentiment Signal: Hold
Current Market Cap: A$21.11B
Learn more about NWS stock on TipRanks’ Stock Analysis page.