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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has shared an update.
News Corporation has updated the market on its existing share repurchase arrangements for its Nasdaq-listed Class A and Class B common stock, clarifying that no ASX-listed CDIs will be bought back under these programs. The company currently has authorisation for up to US$1 billion of buy-backs under its 2021 Repurchase Program and a further US$1 billion under a 2025 Repurchase Program, and intends, subject to market conditions and other factors, to repurchase shares from time to time in the open market or otherwise, which may support earnings per share and capital management objectives for shareholders holding the U.S.-listed stock.
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 services, book publishing, cable network programming and pay-TV distribution. Its securities include Class A and Class B common stock listed on Nasdaq, with Chess Depository Interests traded on the ASX, giving investors exposure to its diversified media and publishing operations.
Average Trading Volume: 160,795
Technical Sentiment Signal: Hold
Current Market Cap: A$22.99B
See more insights into NWS stock on TipRanks’ Stock Analysis page.