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An update from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) is now available.
News Corporation has notified the cessation of 153,188 Class B common shares listed on the ASX under the code NWSAB, following a cancellation executed through a buy-back mechanism. The reduction in issued capital may slightly enhance the relative ownership stake of remaining shareholders and reflects ongoing capital management by the company, although the announcement does not indicate any broader strategic shift or operational change associated with this specific buy-back action.
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 with interests across news and information publishing, digital real estate, book publishing and subscription video services. Its operations span multiple markets, delivering news, entertainment, and data products to consumers, advertisers, and business clients worldwide.
Average Trading Volume: 176,333
Technical Sentiment Signal: Hold
Current Market Cap: A$23.14B
For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.