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The latest update is out from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ).
News Corporation has announced a buy-back program for its Nasdaq-listed Class A and Class B common stock, totaling up to an aggregate of US$1 billion. This strategic move, which excludes ASX-listed CDIs, is subject to market conditions and aims to enhance shareholder value by repurchasing shares in the open market or otherwise. The buy-back reflects the company’s confidence in its financial position and its commitment to returning capital to shareholders, potentially impacting its stock valuation and market perception positively.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$48.70 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 operates within the media industry, focusing on providing news and information services. The company is known for its diverse portfolio, which includes publishing, digital real estate services, book publishing, and cable network programming. Its market focus spans across various platforms and geographies, making it a significant player in the global media landscape.
Average Trading Volume: 175,163
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$26.77B
For an in-depth examination of NWS stock, go to TipRanks’ Overview page.