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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has provided an announcement.
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. This move, part of the 2025 Repurchase Program, follows a similar authorization in 2021 and is aimed at enhancing shareholder value. The buy-back will be conducted in the open market or otherwise, depending on market conditions and the company’s stock price. This strategic financial maneuver is expected to positively impact the company’s stock value and provide flexibility in capital management.
The most recent analyst rating on (AU:NWS) stock is a Hold with a A$55.00 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 that operates in various segments including news and information services, book publishing, digital real estate services, and subscription video services. The company is known for its global reach and influence in the media industry, providing a wide range of content and services to a diverse audience.
Average Trading Volume: 158,520
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$25.71B
See more insights into NWS stock on TipRanks’ Stock Analysis page.