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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has issued an announcement.
News Corporation has announced a buy-back program, authorizing the repurchase of up to an additional US$1 billion of its Nasdaq-listed Class A and Class B common stock under the 2025 Repurchase Program. This move follows a similar authorization in 2021 and is aimed at enhancing shareholder value by reducing the number of outstanding shares, potentially increasing the stock’s market value. The buy-back reflects the company’s strategic focus on optimizing its capital structure and demonstrates 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 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 prominent media outlets and publications, serving a diverse range of audiences worldwide.
Average Trading Volume: 170,524
Technical Sentiment Signal: Hold
Current Market Cap: A$23.21B
See more insights into NWS stock on TipRanks’ Stock Analysis page.