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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has provided an update.
News Corporation has announced an update to its buy-back program, authorizing an additional US$1 billion for the repurchase of its Nasdaq-listed Class A and Class B common stock. This move, which follows a similar authorization in 2021, is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value. The buy-back will be conducted in the open market or otherwise, depending on market conditions and stock prices, and does not include ASX-listed CDIs.
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 operates in the media and information services industry, focusing on delivering news and information through various platforms. The company is known for its publishing, digital real estate services, and subscription video services, with a significant presence in the United States and Australia.
Average Trading Volume: 189,614
Technical Sentiment Signal: Hold
Current Market Cap: A$23.33B
Learn more about NWS stock on TipRanks’ Stock Analysis page.