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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 under which it plans to repurchase up to an additional US$1 billion of its Nasdaq-listed Class A and Class B common stock. This initiative, known as the 2025 Repurchase Program, follows a previous authorization of US$1 billion in 2021. The repurchase will be conducted in the open market or otherwise, depending on market conditions and stock prices. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure, reflecting confidence in its financial health and future prospects.
The most recent analyst rating on (AU:NWS) stock is a Hold with a A$49.00 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 diversified media and information services company, primarily engaged in the creation and distribution of authoritative and engaging content to consumers and businesses throughout the world. The company operates across various segments, including news and information services, book publishing, digital real estate services, and subscription video services, with a significant presence in the United States and Australia.
Average Trading Volume: 188,232
Technical Sentiment Signal: Hold
Current Market Cap: A$22.59B
See more data about NWS stock on TipRanks’ Stock Analysis page.