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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has shared an announcement.
News Corporation has announced a buy-back program to repurchase up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. This strategic move, subject to market conditions and stock prices, aims to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and reflecting confidence in the company’s future performance.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$61.00 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 operates in the media and information services industry, focusing on delivering news and information through various platforms. Its primary products and services include publishing, digital real estate services, book publishing, and cable network programming, with a market focus on providing comprehensive media solutions globally.
Average Trading Volume: 164,588
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$26.68B
Learn more about NWS stock on TipRanks’ Stock Analysis page.