Dear Miguel
What was the original value of QAUTOVRT ? Have you checked with IT team if more Telnet clients recently increases for a reason? You should also try to set the system value QAUTOVRT to *NOMAX for a while to see if the problem is solved or not?
What is the value of parameter MAX ACT of *BASE pool in WRKSYSSTS screen? It should be set at least a value of 1000.
You should display QSYSOPR message queue and look for other messages immediately preceding message CPF87D7 for additional causes for the failure.
Please also look into the section Problem Conclusion of this Known Issue info: SE59804: TCPIP-TELNET-MSGCPF87D7 ADDITIONAL INFORMATION at https://www.ibm.com/mysupport/s/defect/aCI3p0000008mny/dt281331?language=en_US.