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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 updated the market on its existing share repurchase initiatives, confirming that it has authorization to buy back up to US$1 billion of its Nasdaq-listed Class A and Class B common stock under a 2021 repurchase program and a further US$1 billion under a 2025 program. The company, which has 370,097,474 securities on issue in the relevant class, plans to execute these buy-backs from time to time in the open market or otherwise, depending on market conditions and other factors, but explicitly excludes any repurchase of ASX-listed CDIs, signaling a capital management strategy focused on its U.S.-listed equity while leaving its Australian CDI float unchanged.
The most recent analyst rating on (AU:NWS) stock is a Hold with a A$47.00 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 shares trade on Nasdaq and as CHESS Depositary Interests (CDIs) on the ASX, with separate Class A and Class B common stock lines. The group operates across news and information publishing, digital real estate, subscription video and related media assets, targeting audiences and advertisers in key markets including the United States and Australia.
Average Trading Volume: 142,242
Technical Sentiment Signal: Hold
Current Market Cap: A$23.08B
See more insights into NWS stock on TipRanks’ Stock Analysis page.