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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, authorizing the repurchase of up to an additional US$1 billion of its Nasdaq-listed Class A and Class B common stock under the 2025 Repurchase Program. This move, which follows a similar authorization in 2021, is intended to be executed in the open market or otherwise, depending on market conditions and stock prices. The buy-back program is expected to impact the company’s stock value positively by reducing the number of shares available in the market, potentially increasing earnings per share and providing a return to shareholders.
The most recent analyst rating on (AU:NWS) stock is a Hold with a A$52.00 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 diversified media and information services company primarily involved 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: 189,614
Technical Sentiment Signal: Hold
Current Market Cap: A$23.32B
Learn more about NWS stock on TipRanks’ Stock Analysis page.