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The latest announcement is out from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ).
News Corporation has announced a buy-back program for its Nasdaq-listed Class A and Class B common stock, with a total repurchase value of up to US$1 billion. This strategic move, subject to market conditions, is aimed at optimizing the company’s capital structure and enhancing shareholder value, although it will not include ASX-listed CDIs in this program.
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 is a prominent player in the media industry, primarily focusing on publishing, news, and information services. The company operates across various platforms, including digital and print, and is known for its influential presence in the global media landscape.
Average Trading Volume: 177,662
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$26.14B
Learn more about NWS stock on TipRanks’ Stock Analysis page.