Crown Castle International Corp (CCI) Files Form 4 Insider Buying : Kenneth Jay Simon Buys 168 Shares

Crown Castle International Corp (CCI): Kenneth Jay Simon , SVP and General Counsel of Crown Castle International Corp purchased 168 shares on May 5, 2016. The Insider buying transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were purchased at $88.11 per share for a total value of $14,788.59 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 28, 2016, Philip M Kelley (Senior VP, Corp Dev & Strategy) sold 46,951 shares at $87.69 per share price.On Nov 18, 2015, Robert E Ii Garrison (director) sold 2,427 shares at $85.05 per share price.Also, On Jun 10, 2015, P Robert Bartolo (director) purchased 12,200 shares at $82.32 per share price.On Mar 13, 2015, Rob A Fisher (V.P. & Corporate Controller) sold 8,462 shares at $85.19 per share price.

Crown Castle International Corp: On Wednesday, May 4, 2016 heightened volatility was witnessed in Crown Castle International Corp which led to swings in the share price. The shares opened for trading at $85.98 and hit $88.2 on the upside , eventually ending the session at $87.91, with a gain of 1.88% or 1.62 points. The heightened volatility saw the trading volume jump to 16,81,784 shares. The 52-week high of the share price is $88.82 and the company has a market cap of $29,342 M . The 52-week low of the share price is at $75.714.

Crown Castle International Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Crown Castle International Corp is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 99 from a previous price target of $98 .The Rating was issued on Apr 25, 2016.Crown Castle International Corp is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 102 from a previous price target of $100 .The Rating was issued on Apr 25, 2016.Crown Castle International Corp is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 97 from a previous price target of $95 .The Rating was issued on Apr 25, 2016.Crown Castle International Corp is Initiated by Sun Trust Rbsn Humphrey to Buy and the brokerage firm has set the Price Target at $100. The Rating was issued on Feb 25, 2016.Crown Castle International Corp is Initiated by Deutsche Bank to Buy and the brokerage firm has set the Price Target at $98. The Rating was issued on Feb 24, 2016.

Crown Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns operates and leases shared wireless infrastructure including towers and other structures such as rooftops (towers) and to a lesser extent distributed antenna systems (DAS) a type of small cell network (small cells) and interests in land under third party towers in various forms (third party land interests). Its core business is renting space or physical capacity (collectively space) on its towers DAS and to a lesser extent third party land interests (collectively site rental business) through long-term contracts in various forms including license sublease and lease agreements (collectively contracts). The Company conducts its operations principally through subsidiaries of (CCOC) including certain subsidiaries which operate its wireless infrastructure portfolios in the United States including Puerto Rico (CCUSA).

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