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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has shared an update.
News Corporation has announced an update to its buy-back program, authorizing an additional US$1 billion for the repurchase of its Nasdaq-listed Class A and Class B common stock. This move is part of the company’s ongoing strategy to manage its capital structure and enhance shareholder value. The buy-back, which is subject to market conditions and stock prices, will not include ASX-listed CDIs. The initiative reflects the company’s confidence in its financial position and its commitment to returning value to its shareholders.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$48.90 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 prominent entity in the media industry, primarily dealing with news and information services. It is known for its diverse range of media products and services, including newspapers, digital real estate services, book publishing, and cable network programming. The company focuses on delivering high-quality content across various platforms, catering to a global audience.
Average Trading Volume: 143,337
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$26.69B
For a thorough assessment of NWS stock, go to TipRanks’ Stock Analysis page.