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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has issued an update.
News Corporation has announced a buy-back program for its Nasdaq-listed Class A and Class B common stock, with plans to repurchase up to an aggregate of US$1 billion. This move, subject to market conditions and stock prices, is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value. The buy-back will not include ASX-listed CDIs, indicating a strategic focus on its Nasdaq-listed securities. This decision reflects the company’s confidence in its financial health and commitment to returning capital to shareholders, which could positively impact its market positioning and investor relations.
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 diversified 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, with a strong focus on leveraging its assets to provide high-quality content across multiple platforms.
Average Trading Volume: 182,745
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$26.39B
See more data about NWS stock on TipRanks’ Stock Analysis page.