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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 under its previously authorised 2025 Repurchase Program, covering its Nasdaq-listed Class A and Class B common stock. The program allows the company to repurchase up to an aggregate of US$1 billion in stock, reflecting an ongoing capital management strategy focused on returning value to shareholders.
The company intends to conduct repurchases from time to time in the open market or through other means, depending on market conditions, stock price, and other factors. No ASX-listed CDIs will be repurchased under this program, meaning Australian CDI holders will not see direct on-market buy-backs of their instruments, though the overall reduction in share float may still influence equity valuation and capital structure.
The most recent analyst rating on (AU:NWS) stock is a Hold with a A$42.00 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 publishing company whose securities trade on multiple exchanges, including Nasdaq and the ASX. It issues Class A and Class B common stock, with Chess Depositary Interests representing its shares for Australian investors. The group’s activities span news, information, and related media services across key international markets.
Average Trading Volume: 165,305
Technical Sentiment Signal: Hold
Current Market Cap: A$18.66B
For an in-depth examination of NWS stock, go to TipRanks’ Overview page.