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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 for its Nasdaq-listed Class A and Class B common stock, amounting to an aggregate of up to US$1 billion. This strategic move, subject to market conditions and stock prices, aims to optimize the company’s capital structure and potentially enhance shareholder value by reducing the number of outstanding shares, which could positively impact earnings per share and market perception.
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 in the media and information services industry, providing a range of products and services including news and information, book publishing, digital real estate services, and cable network programming. The company primarily focuses on delivering content across various platforms to a global audience.
Average Trading Volume: 161,811
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$26.96B
For a thorough assessment of NWS stock, go to TipRanks’ Stock Analysis page.