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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 (4)

43 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
  • ETFs holding this stock are seeing positive inflows
  • Bearish sentiment is high


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 | Positive

ETF activity is positive. Over the last month, ETFs holding THC are favorable, with net inflows of $3.78 billion. Additionally, the rate of inflows is increasing.

Economic sentiment

PMI by IHS Markit | Neutral

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

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 their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.

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