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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has shared an announcement.
News Corporation has announced an update to its ongoing buy-back program, initially authorized in 2021, with an additional $1 billion allocated for repurchasing its Class A and Class B common stock as of 2025. This move is part of the company’s strategy to manage its capital structure and enhance shareholder value, reflecting its confidence in the long-term growth potential of its business. The buy-back will be conducted in the open market, subject to market conditions and stock prices, and will not include ASX-listed CDIs.
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 operates in the media industry, focusing on delivering news and information services. The company is known for its diverse range of media products, including newspapers, digital real estate services, book publishing, and cable network programming. It primarily targets markets in the United States, Australia, and the United Kingdom.
Average Trading Volume: 157,919
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$25.97B
See more data about NWS stock on TipRanks’ Stock Analysis page.