Here are five observations:
1. Tenet’s high-yield debt issue has a nearly 4.38 percent coupon. The issue is set to mature starting Oct. 1, 2021.
2. Currently, the issue’s bonds are trading at $99.50, down from $99.70 last week.
3. RBC Capital analysts recently issued a $30 price target on Tenet shares.
4. Tenet has a 52-week high of $60.93 and 52-week low of $21.39.
5. The market cap is $2.74 billion.
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