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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) just unveiled an update.
News Corporation has announced a new buy-back program, authorizing an additional US$1 billion for the repurchase of its Nasdaq-listed Class A and Class B common stock, as part of its 2025 Repurchase Program. This initiative, which follows a similar program initiated in 2021, aims to enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and supporting the stock price. The buy-back will be conducted in the open market or otherwise, depending on market conditions and other factors, but will not include ASX-listed CDIs.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$48.90 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 diversified 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 global reach and influence in the media industry, providing a wide range of content and services to consumers and businesses worldwide.
Average Trading Volume: 141,088
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$26.84B
For an in-depth examination of NWS stock, go to TipRanks’ Overview page.