Crown Castle CEO sells 100,000 shares near all-time high, Barron's reports On April 30, Crown Castle International's (CCI) President and CEO W. Benjamin Moreland sold 100,000 shares for $5.655M, or an average of $56.55 each. This is his first straightforward sale of the wireless-tower company's stock since November 2005 when he sold 25,000 shares. Moreland directly owns a stake of less than 1%. Reference Link
Crown Castle initiated with a Buy at BTIG BTIG initiated Crown Castle with a Buy rating and $95 price target. The firm expects Crown Castle to beat its long-term 2016 AFFO/share growth expectations of 6-7% but believes shares should trade at a discount to peers given lower growth estimates.