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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) just unveiled an announcement.
News Corporation has announced a buy-back program for up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock. This strategic move, subject to market conditions and stock prices, is aimed at optimizing the company’s capital structure and enhancing shareholder value. The buy-back will not include any ASX-listed CDIs, indicating a focus on its Nasdaq-listed securities.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$48.70 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 that operates in various segments including news and information services, book publishing, digital real estate services, and subscription video services. The company is known for its wide array of media properties and its focus on delivering content across multiple platforms.
Average Trading Volume: 164,588
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$26.68B
For a thorough assessment of NWS stock, go to TipRanks’ Stock Analysis page.