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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, which follows a similar authorization in 2021, is subject to market conditions and the company’s stock price. The buy-back is expected to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and providing flexibility in capital management. No ASX-listed CDIs will be repurchased in these programs.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$67.50 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’s operations are focused on news and information services, book publishing, digital real estate services, and cable network programming.
Average Trading Volume: 204,706
Technical Sentiment Signal: Hold
Current Market Cap: A$23.33B
Find detailed analytics on NWS stock on TipRanks’ Stock Analysis page.