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See what the IHS Markit Score report has to say about Tenet Healthcare Corp.

IHS Markit

Tenet Healthcare Corp

NYSE:THC

Score: Negative (2)

30 days at current score.

Downgraded from Neutral on August 30th 2017

View full report here!

Summary


  • This company ranked negatively compared to the Healthcare sector with 2 negative IHS Markit Categories
  • Perception of the company's creditworthiness is negative and weakening
  • Bearish sentiment is high
  • Economic output in this company's sector is expanding


Bearish sentiment

Short interest | Negative

Short interest is extremely high for THC with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting THC.

Money flow

ETF/Index ownership | Neutral

ETF activity is neutral. The $1.54 billion in inflows that ETFs holding THC received over the last one-month is a decline from earlier in the period and among the weakest of the past year.

Economic sentiment

PMI by IHS Markit | Positive

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Healthcare sector is rising. The rate of growth is strong relative to the trend shown over the past year.

Credit worthiness

Credit default swap | Negative

The current level displays a negative indicator with a weakening bias over the past 1-month. THC credit default swap spreads are rising towards above average levels for the past 3 years, which indicates the market's more negative perception of the company's credit worthiness.

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