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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has issued an announcement.
News Corporation has announced an update to its previous buy-back notification, authorizing an additional US$1 billion repurchase program for its Nasdaq-listed Class A and Class B common stock. This strategic move, which follows a similar program initiated in 2021, underscores the company’s commitment to enhancing shareholder value and reflects confidence in its market positioning. The buy-back will be conducted in the open market or otherwise, depending on market conditions and stock price, although it will not include ASX-listed CDIs.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$51.70 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 is a global media and information services company, primarily engaged in the creation and distribution of authoritative and engaging content to consumers and businesses throughout the world. The company operates in various segments including news and information services, book publishing, digital real estate services, and subscription video services.
Average Trading Volume: 190,089
Technical Sentiment Signal: Hold
Current Market Cap: A$23.51B
See more insights into NWS stock on TipRanks’ Stock Analysis page.