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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 reported a daily update under its existing share repurchase programs covering its Nasdaq-listed Class A and Class B common stock, clarifying that no ASX-listed CHESS Depositary Interests (CDIs) will be bought back under these plans. The company has authorization to repurchase up to an aggregate US$1 billion of stock under its 2021 Repurchase Program and a further US$1 billion under its 2025 Repurchase Program, with purchases to be made from time to time in the open market or otherwise, depending on market conditions, share price and other factors; the move underscores an ongoing capital management strategy that may support earnings per share and shareholder returns without directly affecting the ASX CDI float.
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 publishing company whose shares trade on Nasdaq and as CHESS Depositary Interests on the ASX. Its business spans news and information services, digital real estate, book publishing and subscription video, serving consumers and advertisers across major English-speaking markets.
Average Trading Volume: 178,518
Technical Sentiment Signal: Hold
Current Market Cap: A$23.16B
See more data about NWS stock on TipRanks’ Stock Analysis page.