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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has shared an update.
News Corporation has announced a buy-back program involving its Nasdaq-listed Class A and Class B common stock. The company has authorized an additional $1 billion for this repurchase program, which is subject to market conditions and stock prices. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value. The buy-back does not include ASX-listed CDIs, and the company intends to execute the repurchase in the open market or through other means.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$62.00 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 diversified media and information services company. It primarily focuses on creating and distributing authoritative and engaging content to consumers and businesses worldwide. The company’s operations span across various segments including news and information services, book publishing, digital real estate services, and subscription video services.
Average Trading Volume: 169,173
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$27.61B
Find detailed analytics on NWS stock on TipRanks’ Stock Analysis page.