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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, authorizing the repurchase of up to an additional US$1 billion of its Class A and Class B common stock under the 2025 Repurchase Program. This initiative, which follows a similar program in 2021, aims to enhance shareholder value and reflects the company’s confidence in its financial position. The buy-back will be conducted in the open market or otherwise, depending on market conditions and stock prices, but will not include ASX-listed CDIs. This move is expected to positively impact the company’s stock value and demonstrate its commitment to returning capital to shareholders.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$51.70 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 operates in the media and information services industry, offering a range of products and services including news and information, book publishing, digital real estate services, and subscription video services. The company is known for its global reach and diverse portfolio, focusing on delivering content across various platforms to a wide audience.
Average Trading Volume: 184,412
Technical Sentiment Signal: Hold
Current Market Cap: A$23.03B
For a thorough assessment of NWS stock, go to TipRanks’ Stock Analysis page.