Crown Castle International Corp (CCI) Files Form 4 Insider Selling : Robert F Mckenzie Sells 1,000 Shares

Crown Castle International Corp (CCI): Robert F Mckenzie , director of Crown Castle International Corp sold 1,000 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were sold at $93.07 per share for a total value of $93,065.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 7, 2016, W Benjamin Moreland (Executive Vice Chairman) sold 50,000 shares at $98.23 per share price.On May 6, 2016, Kenneth Jay Simon (SVP and General Counsel) purchased 168 shares at $88.11 per share price.Also, 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.

Crown Castle International Corp: On Monday, Sep 12, 2016 heightened volatility was witnessed in Crown Castle International Corp which led to swings in the share price. The shares opened for trading at $93.02 and hit $94.21 on the upside , eventually ending the session at $93.93, with a gain of 0.66% or 0.62 points. The heightened volatility saw the trading volume jump to 2,685,323 shares. The 52-week high of the share price is $102.82 and the company has a market cap of $31,707 M . The 52-week low of the share price is at $75.714.

Crown Castle International Corp Money Flow Index Chart

On Aug 2, 2016, Crown Castle International Corp announced a cash dividend of $0.8850. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 30, 2016.

Company has been under the radar of several Street Analysts.Crown Castle International Corp is Initiated by SunTrust to Buy and the brokerage firm has set the Price Target at $107. The Rating was issued on Sep 13, 2016.Crown Castle International Corp is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 110 from a previous price target of $103 .The Rating was issued on Jul 22, 2016.Crown Castle International Corp is Downgraded by Citigroup to Neutral and the brokerage firm has raised the Price Target to $ 109 from a previous price target of $94 .Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 11, 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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Crown Castle International Corp - Is it time to Sell?

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