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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 launched a buyback program targeting its Nasdaq-listed Class A and Class B common stock, while explicitly excluding any repurchase of ASX-listed Chess Depository Interests. The program authorizes the company to repurchase up to an aggregate of US$1 billion in stock under its 2025 Repurchase Program.
The repurchases may be executed in the open market or through other means, depending on market conditions, stock price, and additional factors considered by the company. This capital management initiative could enhance earnings per share and signal confidence in News Corp’s valuation, though it will not directly affect the supply of its ASX-listed CDIs.
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 information services company with a primary listing on Nasdaq and Chess Depository Interests on the ASX. It issues Class A and Class B common stock, with the ASX code NWSAB representing its Class B common stock as CDIs for Australian investors.
Average Trading Volume: 241,917
Technical Sentiment Signal: Hold
Current Market Cap: A$20.18B
For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.