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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has shared an update.
News Corporation has announced a repurchase program for up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. This buy-back, which will not include ASX-listed CDIs, is subject to market conditions and aims to enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and improving market perception.
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 operates in the media industry, focusing on news and information services, book publishing, digital real estate services, and subscription video services. It is a global company with a significant presence in the United States and Australia, offering a wide range of media-related products and services.
Average Trading Volume: 155,072
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$26.81B
See more insights into NWS stock on TipRanks’ Stock Analysis page.